Rep. Lisa C. McClain Purchases Shares of Ross Stores, Inc. (NASDAQ:ROST)

Key Points

• Representative Lisa C. McClain purchased shares of Ross Stores, Inc. (NASDAQ:ROST) for an amount between $1,001 and $15,000, as disclosed in a filing on August 13th.
• Ross Stores recently reported earnings of $1.47 per share for the quarter, exceeding analyst expectations, with revenues rising to $4.98 billion, a 2.6% increase year-over-year.
• The company declared a quarterly dividend of $0.405 per share, scheduled for payment on September 30th, reflecting a dividend yield of 1.1%.

Representative Lisa C. McClain (R-Michigan) recently bought shares of Ross Stores, Inc. NASDAQ: ROST. In a filing disclosed on August 13th, the Representative disclosed that they had bought between $1,001 and $15,000 in Ross Stores stock on June 17th. The trade occurred in the Representative's "CHARLES SCHWAB BROKERAGE ACCOUNT 924" account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Autoliv NYSE: ALV on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 8/4/2025.
• Sold $1,001 - $15,000 in shares of Arthur J. Gallagher & Co. NYSE: AJG on 8/4/2025.
• Sold $1,001 - $15,000 in shares of SAP NYSE: SAP on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of XPO NYSE: XPO on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Lithia Motors NYSE: LAD on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Sanofi NASDAQ: SNY on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Waters NYSE: WAT on 7/22/2025.
• Purchased $1,001 - $15,000 in shares of Group 1 Automotive NYSE: GPI on 7/22/2025.

Ross Stores Trading Up 0.4%

Shares of NASDAQ ROST traded up $0.6090 during mid-day trading on Monday, reaching $147.8590. The company had a trading volume of 1,583,617 shares, compared to its average volume of 3,136,733. The stock has a market cap of $48.36 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $158.69. The business's 50-day moving average is $136.10 and its 200-day moving average is $137.11. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.02. The company 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 firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 EPS. Equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 9th will be paid 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 of this dividend is Tuesday, September 9th. Ross Stores's payout ratio is currently 25.71%.

Hedge Funds Weigh In On Ross Stores

A number of large investors have recently added to or reduced their stakes in ROST. Vanguard Group Inc. raised its holdings in Ross Stores by 14.8% in the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer's stock worth $4,998,924,000 after purchasing an additional 5,060,954 shares in the last quarter. Norges Bank bought a new position in Ross Stores in the second quarter worth about $521,159,000. Price T Rowe Associates Inc. MD grew its stake in shares of Ross Stores by 25.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock worth $2,952,170,000 after acquiring an additional 3,995,760 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer's stock worth $1,222,523,000 after acquiring an additional 1,657,008 shares during the last quarter. Finally, EdgePoint Investment Group Inc. grew its stake in shares of Ross Stores by 59.3% during the first quarter. EdgePoint Investment Group Inc. now owns 4,055,088 shares of the apparel retailer's stock worth $518,200,000 after acquiring an additional 1,509,815 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Barclays boosted their price target on Ross Stores from $156.00 to $164.00 and gave the company an "overweight" rating in a report on Friday. Robert W. Baird upped their target price on Ross Stores from $160.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday. Morgan Stanley lifted their price objective on Ross Stores from $128.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday. Wall Street Zen downgraded Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $160.00 price objective (up from $150.00) on shares of Ross Stores in a report on Monday, August 18th. Eleven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, Ross Stores currently has a consensus rating of "Moderate Buy" and an average price target of $160.00.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan's 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan's 9th Congressional District. She declared candidacy for the 2026 election. Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor's degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

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.