Northern Trust Corp Has $447.92 Million Stock Holdings in Ross Stores, Inc. $ROST

Key Points

• Northern Trust Corp reduced its stake in Ross Stores by 1.9%, holding 3,505,104 shares valued at approximately $447.92 million as of the end of the first quarter.
• Ross Stores reported earnings per share (EPS) of $1.47, beating analyst estimates of $1.44 and demonstrating a 2.6% increase in quarterly revenue compared to the previous year.
• 86.86% of Ross Stores stock is currently held by institutional investors, reflecting significant interest from major investment firms, including a 17% increase in stake by Vanguard Group.

Northern Trust Corp cut its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,505,104 shares of the apparel retailer's stock after selling 67,719 shares during the quarter. Northern Trust Corp owned 1.07% of Ross Stores worth $447,917,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ROST. Vanguard Group Inc. grew its position in Ross Stores by 17.0% during the first quarter. Vanguard Group Inc. now owns 34,121,706 shares of the apparel retailer's stock worth $4,360,413,000 after buying an additional 4,946,101 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Ross Stores by 25.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock worth $2,952,170,000 after purchasing an additional 3,995,760 shares during the period. Royal Bank of Canada lifted its stake in Ross Stores by 69.6% during the fourth quarter. Royal Bank of Canada now owns 3,336,312 shares of the apparel retailer's stock worth $504,684,000 after purchasing an additional 1,368,571 shares during the period. Alyeska Investment Group L.P. bought a new position in Ross Stores during the fourth quarter worth about $176,973,000. Finally, Nuveen LLC bought a new position in Ross Stores during the first quarter worth about $122,043,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

NASDAQ:ROST opened at $147.88 on Wednesday. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The firm has a 50 day moving average of $135.35 and a 200-day moving average of $137.18. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $48.37 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 2.80 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.03. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The company had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.94 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. Ross Stores's quarterly 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. As a group, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on ROST shares. Telsey Advisory Group restated a "market perform" rating and set a $150.00 price target on shares of Ross Stores in a research note on Monday. Wall Street Zen cut shares of Ross Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Barclays cut their price target on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company cut their price target on shares of Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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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