OMERS ADMINISTRATION Corp Purchases New Shares in Ross Stores, Inc. $ROST

Key Points

• OMERS Administration Corp. acquired 25,691 Ross Stores shares worth approximately $5.5 million during the second quarter, while institutional investors collectively own 86.86% of the company.
• Ross Stores reported quarterly EPS of $2.66, beating estimates of $1.95, while revenue rose 13.3% year over year to $6.26 billion.
• The company declared a quarterly dividend of $0.445 per share, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $263.76.

OMERS ADMINISTRATION Corp acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,691 shares of the apparel retailer's stock, valued at approximately $5,468,000.

Several other institutional investors have also recently made changes to their positions in ROST. BlackRock Inc. purchased a new stake in shares of Ross Stores in the second quarter valued at about $5,938,711,000. Norges Bank purchased a new position in Ross Stores during the fourth quarter worth about $868,360,000. Bank of New York Mellon Corp purchased a new position in Ross Stores during the second quarter worth about $385,441,000. Marshall Wace LLP grew its position in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer's stock worth $276,857,000 after purchasing an additional 1,726,324 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer's stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. Institutional investors own 86.86% of the company's stock.

Ross Stores Stock Performance

NASDAQ ROST opened at $241.52 on Tuesday. The company has a market capitalization of $77.48 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The company has a 50-day simple moving average of $233.90 and a 200 day simple moving average of $222.44.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.16 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts predict that Ross Stores, Inc. will post 8.13 EPS for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's dividend payout ratio is 21.55%.

Ross Stores News Summary

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Earnings beat supports upside: Ross Stores substantially exceeded quarterly EPS expectations and reported double-digit revenue growth, reinforcing investor confidence in its off-price retail model. Ross Stores Trounces Earnings, Set To Retake Buy Point
• Positive Sentiment: Higher price targets: JPMorgan raised its price target to $272, while Robert W. Baird forecast strong potential appreciation. These actions suggest some analysts see additional upside following the earnings performance. JPMorgan Raises Ross Stores Price Target Baird Forecasts Strong Price Appreciation
• Positive Sentiment: Technical setup improves: A market forecast indicates that recent support has held across multiple timeframes, potentially allowing ROST to break above $245 and pursue higher technical targets. Ross Stores Price Forecast
• Neutral Sentiment: Analyst consensus remains constructive: Ross Stores carries an average “Moderate Buy” recommendation, indicating generally favorable sentiment but not unanimous conviction. Ross Stores Moderate Buy Recommendation
• Neutral Sentiment: UBS maintained a Hold rating, providing a counterpoint to the more bullish price-target revisions. UBS Maintains Hold Rating
• Neutral Sentiment: Investor attention remains focused on retail momentum and ROST’s outperformance versus TJX, although commentary from Jim Cramer is not a fundamental earnings catalyst. Jim Cramer Discusses Ross Stores and TJX

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROST shares. The Goldman Sachs Group reissued a "buy" rating and set a $270.00 target price on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research lowered Ross Stores from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 4th. Truist Financial increased their price target on Ross Stores from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Friday. Wall Street Zen lowered Ross Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 20th. Finally, JPMorgan Chase & Co. lifted their price target on Ross Stores from $262.00 to $272.00 and gave the stock an "overweight" rating in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $263.76.

Ross Stores Profile

Ross Stores, Inc NASDAQ: ROST is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd's DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross's business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.

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