Korea Investment CORP Purchases 7,479 Shares of Ross Stores, Inc. $ROST

Key Points

• Korea Investment CORP increased its stake in Ross Stores, Inc. by 3.3%, acquiring an additional 7,479 shares, bringing their total holdings to 235,245 shares valued at approximately $30 million.
• Several hedge funds have also made significant changes to their positions in Ross Stores, with Baird Financial Group increasing its holdings by 274.3% during the previous quarter.
• Analysts have mixed reviews on Ross Stores, with prices targets ranging from $150 to $175, and consensus rating of a "Moderate Buy" with an average price target of $159.06.

Korea Investment CORP boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,245 shares of the apparel retailer's stock after buying an additional 7,479 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Ross Stores worth $30,062,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ROST. Baird Financial Group Inc. lifted its position in shares of Ross Stores by 274.3% during the 4th quarter. Baird Financial Group Inc. now owns 20,466 shares of the apparel retailer's stock valued at $3,096,000 after acquiring an additional 14,998 shares during the period. Deutsche Bank AG lifted its holdings in Ross Stores by 42.0% during the 4th quarter. Deutsche Bank AG now owns 1,276,799 shares of the apparel retailer's stock worth $193,141,000 after buying an additional 377,554 shares during the period. Sowell Financial Services LLC bought a new stake in Ross Stores in the first quarter valued at approximately $328,000. Aurdan Capital Management LLC acquired a new position in shares of Ross Stores in the 4th quarter valued at about $8,516,000. Finally, Aurora Private Wealth Inc. acquired a new stake in Ross Stores during the first quarter worth approximately $1,476,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Analyst Ratings Changes

ROST has been the topic of a number of research analyst reports. Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and increased their price target for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Wells Fargo & Company lowered their price target on Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Barclays dropped their target price on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Loop Capital decreased their price target on Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $159.06.

Ross Stores Trading Up 1.2%

Shares of NASDAQ ROST opened at $147.88 on Wednesday. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $163.60. The firm has a market cap 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 has a fifty day simple moving average of $135.35 and a two-hundred day simple moving average of $137.18. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18.

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, beating the consensus estimate of $1.44 by $0.03. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. During the same period last year, the company posted $1.46 earnings per share. Ross Stores'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. Analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

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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