Ross Stores, Inc. $ROST Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its holdings in Ross Stores, Inc. by 19.4%, now owning approximately 0.06% of the company valued at $23.4 million after selling 44,126 shares.
• Ross Stores reported $1.47 earnings per share for the latest quarter, surpassing analyst estimates and marking a 2.6% year-over-year revenue increase to $4.98 billion.
• The company announced a quarterly dividend of $0.405, reflecting an annualized yield of 1.1% with a payout ratio of 25.59%.

Russell Investments Group Ltd. reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,373 shares of the apparel retailer's stock after selling 44,126 shares during the quarter. Russell Investments Group Ltd. owned 0.06% of Ross Stores worth $23,392,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in Ross Stores by 5.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 25,223 shares of the apparel retailer's stock valued at $3,815,000 after buying an additional 1,195 shares in the last quarter. Mariner LLC lifted its stake in Ross Stores by 3.5% in the 4th quarter. Mariner LLC now owns 54,229 shares of the apparel retailer's stock valued at $8,203,000 after buying an additional 1,857 shares in the last quarter. Marshall Wace LLP lifted its stake in Ross Stores by 10,614.2% in the 4th quarter. Marshall Wace LLP now owns 257,249 shares of the apparel retailer's stock valued at $38,914,000 after buying an additional 254,848 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Ross Stores by 62.2% in the 4th quarter. Canada Pension Plan Investment Board now owns 734,540 shares of the apparel retailer's stock valued at $111,114,000 after buying an additional 281,707 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Ross Stores by 2.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 417,707 shares of the apparel retailer's stock valued at $63,151,000 after buying an additional 11,724 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley decreased their price target on shares of Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a research note on Friday, May 23rd. Loop Capital decreased their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Jefferies Financial Group raised shares of Ross Stores from a "hold" rating to a "buy" rating and raised their price target for the company from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $150.00 price target on shares of Ross Stores in a research note on Monday. One 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.06.

Ross Stores Price Performance

ROST stock traded up $1.82 during mid-day trading on Tuesday, reaching $147.88. The company's stock had a trading volume of 3,534,508 shares, compared to its average volume of 3,089,632. The stock has a market cap of $48.37 billion, a PE ratio of 23.36, a P/E/G ratio of 2.82 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The company's 50 day moving average is $135.19 and its two-hundred day moving average is $137.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.03. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. Ross Stores's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 EPS. Ross Stores has set its Q2 2025 guidance at 1.400-1.55 EPS. Equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

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

Ross Stores Company 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.