Rep. Dan Newhouse Buys Ross Stores, Inc. (NASDAQ:ROST) Shares

Key Points

• Representative Dan Newhouse bought shares of Ross Stores, Inc. (NASDAQ: ROST) valued between $1,001 and $15,000 on August 18th, as disclosed in a filing.
• Ross Stores recently reported $1.56 earnings per share for the last quarter, exceeding expectations, with a revenue of $5.53 billion, showing a 4.6% year-over-year growth.
• The firm declared a quarterly dividend of $0.405 per share, to be paid on September 30th, reflecting an annualized yield of 1.1%.

Representative Dan Newhouse (R-Washington) recently bought shares of Ross Stores, Inc. NASDAQ: ROST. In a filing disclosed on September 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ross Stores stock on August 18th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 8/18/2025.
• Sold $1,001 - $15,000 in shares of RTX NYSE: RTX on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of General Mills NYSE: GIS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Brown & Brown NYSE: BRO on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of AMETEK NYSE: AME on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 8/18/2025.

Ross Stores Trading Up 0.2%

Shares of NASDAQ ROST opened at $151.86 on Tuesday. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $158.69. The stock has a market cap of $49.39 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.91 and a beta of 1.15. The firm has a 50-day moving average of $146.04 and a 200 day moving average of $139.36. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.02. The business had revenue of $5.53 billion during the quarter, compared to analysts' expectations of $5.54 billion. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.59 earnings per share. As a group, sell-side analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Tuesday, September 9th. Ross Stores's dividend payout ratio (DPR) is 25.71%.

Insider Activity at Ross Stores

In related news, CEO James Grant Conroy sold 39,351 shares of the business's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $146.00, for a total transaction of $5,745,246.00. Following the completion of the sale, the chief executive officer directly owned 157,153 shares in the company, valued at approximately $22,944,338. The trade was a 20.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Karen Sykes sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the sale, the chief marketing officer owned 106,413 shares of the company's stock, valued at $16,149,236.88. This trade represents a 3.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,283 shares of company stock worth $6,789,418. 2.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ROST shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $160.00 target price (up from $150.00) on shares of Ross Stores in a report on Monday, August 18th. Barclays lifted their target price on shares of Ross Stores from $156.00 to $164.00 and gave the stock an "overweight" rating in a report on Friday, August 22nd. Jefferies Financial Group raised shares of Ross Stores from a "hold" rating to a "buy" rating and lifted their target price for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Robert W. Baird lifted their target price on shares of Ross Stores from $160.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. Finally, Morgan Stanley lifted their target price on shares of Ross Stores from $128.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, August 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Ross Stores has a consensus rating of "Moderate Buy" and an average price target of $160.67.

Institutional Trading of Ross Stores

Large investors have recently made changes to their positions in the stock. Aspect Partners LLC grew its stake in shares of Ross Stores by 251.7% in the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 146 shares during the period. Golden State Wealth Management LLC grew its position in Ross Stores by 50.7% during the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after buying an additional 73 shares during the period. Bayforest Capital Ltd grew its position in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock valued at $31,000 after buying an additional 190 shares during the period. Banque Transatlantique SA bought a new stake in Ross Stores during the first quarter valued at approximately $29,000. Finally, Tradewinds Capital Management LLC grew 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 valued at $36,000 after buying an additional 75 shares during the period. 86.86% of the stock is currently owned by institutional investors.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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.

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