Public Sector Pension Investment Board Sells 452,913 Shares of Ross Stores, Inc. $ROST

Key Points

• The Public Sector Pension Investment Board reduced its holdings in Ross Stores, Inc. by 91.0% during the first quarter, now owning 44,806 shares valued at approximately $5.73 million.
• Ross Stores reported quarterly earnings of $1.47 per share, exceeding analysts' estimates, and generated $4.98 billion in revenue, marking a 2.6% increase year-over-year.
• The company announced a quarterly dividend of $0.405, resulting in an annualized dividend yield of 1.1%, with a payout ratio of 25.59%.

Public Sector Pension Investment Board cut its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 91.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,806 shares of the apparel retailer's stock after selling 452,913 shares during the period. Public Sector Pension Investment Board's holdings in Ross Stores were worth $5,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Independent Advisor Alliance raised its stake in shares of Ross Stores by 1.6% in the first quarter. Independent Advisor Alliance now owns 5,505 shares of the apparel retailer's stock worth $703,000 after acquiring an additional 89 shares during the last quarter. First American Trust FSB raised its stake in shares of Ross Stores by 0.9% during the first quarter. First American Trust FSB now owns 34,796 shares of the apparel retailer's stock worth $4,447,000 after buying an additional 323 shares during the last quarter. Nuveen LLC bought a new stake in shares of Ross Stores during the first quarter worth approximately $122,043,000. Aigen Investment Management LP raised its stake in shares of Ross Stores by 196.7% during the first quarter. Aigen Investment Management LP now owns 30,277 shares of the apparel retailer's stock worth $3,869,000 after buying an additional 20,071 shares during the last quarter. Finally, Entropy Technologies LP raised its stake in shares of Ross Stores by 28.0% during the first quarter. Entropy Technologies LP now owns 41,466 shares of the apparel retailer's stock worth $5,299,000 after buying an additional 9,064 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROST. Jefferies Financial Group raised shares of Ross Stores from a "hold" rating to a "buy" rating and boosted their price target for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Evercore ISI dropped their price target on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 23rd. Wall Street Zen cut shares of Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Morgan Stanley decreased their price objective on shares of Ross Stores from $128.00 to $126.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company decreased their price objective on shares of Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. One investment 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, Ross Stores has an average rating of "Moderate Buy" and an average target price of $159.06.

Ross Stores Price Performance

Shares of Ross Stores stock traded up $1.82 on Tuesday, reaching $147.88. 3,534,508 shares of the stock were exchanged, compared to its average volume of 2,591,074. The firm's 50 day moving average is $135.35 and its 200-day moving average is $137.18. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55. The firm has a market cap of $48.37 billion, a PE ratio of 23.36, a P/E/G ratio of 2.80 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period last year, the company posted $1.46 EPS. The firm'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, analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 10th. Ross Stores's payout ratio is presently 25.59%.

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.