Fuller & Thaler Asset Management Inc. Purchases 28,665 Shares of Ross Stores, Inc. $ROST

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Ross Stores, Inc. by 25.8%, purchasing an additional 28,665 shares, bringing their total to 139,759 shares valued at approximately $17.86 million.
• Ross Stores reported quarterly earnings of $1.47 per share, exceeding analysts' expectations of $1.44, with a revenue of $4.98 billion, higher than the consensus estimate of $4.94 billion.
• Analysts have mixed opinions on Ross Stores, with price targets varying from $150.00 to $170.00, and an average rating of "Moderate Buy" based on the recent evaluations.

Fuller & Thaler Asset Management Inc. raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 25.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,759 shares of the apparel retailer's stock after purchasing an additional 28,665 shares during the period. Fuller & Thaler Asset Management Inc.'s holdings in Ross Stores were worth $17,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in Ross Stores by 50.7% during the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after purchasing an additional 73 shares during the period. Forum Financial Management LP grew its holdings in Ross Stores by 5.3% during the fourth quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer's stock valued at $223,000 after purchasing an additional 74 shares during the period. First Horizon Advisors Inc. grew its holdings in Ross Stores by 6.1% during the first quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer's stock valued at $164,000 after purchasing an additional 74 shares during the period. Tradewinds Capital Management LLC grew its holdings in Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 75 shares during the period. Finally, Principal Securities Inc. grew its holdings in Ross Stores by 1.0% during the first quarter. Principal Securities Inc. now owns 7,744 shares of the apparel retailer's stock valued at $990,000 after purchasing an additional 75 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Trading Up 1.2%

Shares of ROST stock opened at $147.88 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $163.60. The company has a market capitalization of $48.37 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.80 and a beta of 1.11. The business's fifty day moving average is $135.35 and its 200 day moving average is $137.18.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%.The company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the business posted $1.46 earnings per share. The firm's revenue was up 2.6% compared to the same quarter last year. Ross Stores has set its Q2 2025 guidance at 1.400-1.55 EPS. On average, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROST shares. Jefferies Financial Group raised Ross Stores from a "hold" rating to a "buy" rating and raised their price target for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Evercore ISI cut their price target on Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company cut their price target on Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $150.00 price target on shares of Ross Stores in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $159.06.

Ross Stores Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

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