Osterweis Capital Management Inc. Reduces Position in Ross Stores, Inc. $ROST

Key Points

• Osterweis Capital Management Inc. reduced its stake in Ross Stores by 12.3%, now owning approximately 244,246 shares valued at $31.2 million.
• Ross Stores reported earnings of $1.47 per share for the quarter, exceeding analysts' expectations, with revenue increasing by 2.6% year-over-year.
• Research analysts have mixed ratings on Ross Stores, with one "Strong Buy," twelve "Buy," and four "Hold" ratings, and a consensus price target of $159.06.

Osterweis Capital Management Inc. lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 244,246 shares of the apparel retailer's stock after selling 34,321 shares during the period. Osterweis Capital Management Inc. owned approximately 0.07% of Ross Stores worth $31,212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its holdings in shares of Ross Stores by 50.7% in the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after acquiring an additional 73 shares during the last quarter. Bayforest Capital Ltd lifted its stake in shares of Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 190 shares during the period. Tradewinds Capital Management LLC raised its position in Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 75 shares during the period. Putney Financial Group LLC acquired a new position in Ross Stores during the fourth quarter worth $44,000. Finally, Cary Street Partners Financial LLC acquired a new position in Ross Stores during the fourth quarter worth $48,000. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $147.88 on Wednesday. The firm's fifty day simple moving average is $135.35 and its 200-day simple moving average is $137.18. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. The stock has a market capitalization of $48.37 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.80 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share 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 firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same period last year, the firm posted $1.46 EPS. Ross Stores's quarterly revenue was up 2.6% on a year-over-year basis. Ross Stores has set its Q2 2025 guidance at 1.400-1.55 EPS. As a group, equities analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Analyst Ratings Changes

ROST has been the subject of a number of research analyst reports. Evercore ISI reduced their price objective on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. JPMorgan Chase & Co. increased their target price on shares of Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Telsey Advisory Group reissued a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a report on Monday. Wall Street Zen lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Barclays decreased their price target on Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Ross Stores has an average rating of "Moderate Buy" and an average price target of $159.06.

About Ross Stores

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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