American Century Companies Inc. Sells 17,004 Shares of Ross Stores, Inc. $ROST

Key Points

• American Century Companies Inc. reduced its stake in Ross Stores by 1.8%, now holding approximately 0.29% of the company with 938,495 shares valued at $119.93 million.
• Vanguard Group Inc. increased its holdings by 17.0% to own over 34 million shares, making it a significant institutional investor in Ross Stores.
• Ross Stores reported earnings per share (EPS) of $1.47 for the most recent quarter, exceeding estimates, with a net margin of 9.79% and a revenue increase of 2.6% year-over-year.

American Century Companies Inc. lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 938,495 shares of the apparel retailer's stock after selling 17,004 shares during the period. American Century Companies Inc. owned about 0.29% of Ross Stores worth $119,930,000 at the end of the most recent quarter.

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

Ross Stores Trading Up 1.2%

Shares of Ross Stores stock traded up $1.82 during midday trading on Tuesday, reaching $147.88. The company had a trading volume of 3,534,508 shares, compared to its average volume of 2,591,074. The stock has a fifty day moving average price of $135.35 and a 200 day moving average price of $137.18. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. 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. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its 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 business had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. The company's revenue for the quarter 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. On average, equities analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROST shares. Morgan Stanley dropped their price target on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating for the company in a research note on Friday, May 23rd. Barclays dropped their target price on Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Telsey Advisory Group restated a "market perform" rating and set a $150.00 price target on shares of Ross Stores in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Finally, Wells Fargo & Company cut their target price on shares of Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. One investment 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 stock. According to data from MarketBeat.com, the company presently has an average 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.