Ross Stores (NASDAQ:ROST) Stock Unloaded Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ross Stores, Inc. NASDAQ: ROST. In a filing disclosed on April 11th, the Representative disclosed that they had sold between $15,001 and $50,000 in Ross Stores stock on March 13th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
• Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
• Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
• Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
• Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
• Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
• Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.

Ross Stores Stock Up 0.7 %

NASDAQ:ROST traded up $0.95 on Friday, hitting $139.63. 2,287,417 shares of the company's stock traded hands, compared to its average volume of 2,662,945. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The company has a market cap of $45.91 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. The firm has a 50-day moving average price of $133.48 and a 200-day moving average price of $142.84. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.405 per share. This is an increase from Ross Stores's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.16%. Ross Stores's payout ratio is currently 25.63%.

Hedge Funds Weigh In On Ross Stores

Several hedge funds have recently bought and sold shares of the company. Hahn Capital Management LLC raised its position in Ross Stores by 40.9% during the fourth quarter. Hahn Capital Management LLC now owns 74,059 shares of the apparel retailer's stock valued at $11,203,000 after purchasing an additional 21,500 shares in the last quarter. FMR LLC lifted its stake in shares of Ross Stores by 11.9% in the 4th quarter. FMR LLC now owns 7,620,083 shares of the apparel retailer's stock valued at $1,152,690,000 after acquiring an additional 807,850 shares during the last quarter. Sovran Advisors LLC bought a new stake in Ross Stores during the 4th quarter worth $269,000. Oppenheimer & Co. Inc. increased its holdings in Ross Stores by 22.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 2,847 shares of the apparel retailer's stock worth $431,000 after purchasing an additional 524 shares in the last quarter. Finally, Oak Ridge Investments LLC boosted its stake in shares of Ross Stores by 10.6% during the fourth quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer's stock valued at $17,524,000 after purchasing an additional 11,060 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ROST shares. UBS Group lowered their price target on Ross Stores from $168.00 to $163.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Telsey Advisory Group dropped their target price on Ross Stores from $175.00 to $150.00 and set a "market perform" rating for the company in a report on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Citigroup raised Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 target price on the stock in a report on Thursday, April 3rd. Finally, StockNews.com downgraded shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $160.87.

Insider Transactions at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 7,492 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $127.69, for a total value of $956,653.48. Following the sale, the chief operating officer now owns 139,091 shares in the company, valued at approximately $17,760,529.79. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Karen Sykes sold 5,036 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total transaction of $657,097.28. Following the transaction, the chief marketing officer now owns 110,365 shares of the company's stock, valued at approximately $14,400,425.20. The trade was a 4.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,398 shares of company stock worth $4,439,950. Insiders own 2.10% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.