Rep. Jefferson Shreve Sells Off Shares of Ross Stores, Inc. (NASDAQ:ROST)

Representative Jefferson Shreve (R-Indiana) recently sold shares of Ross Stores, Inc. NASDAQ: ROST. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Ross Stores stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Ross Stores Price Performance

Ross Stores stock traded up $1.89 during mid-day trading on Friday, reaching $138.33. The company had a trading volume of 1,644,056 shares, compared to its average volume of 2,566,151. The business has a fifty day simple moving average of $135.32 and a 200 day simple moving average of $137.88. The company has a market cap of $45.24 billion, a P/E ratio of 21.85, a P/E/G ratio of 2.64 and a beta of 1.11. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. 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 (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. Ross Stores's revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.46 EPS. On average, equities research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's payout ratio is 25.59%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hahn Capital Management LLC lifted its stake in Ross Stores by 40.9% in the fourth quarter. Hahn Capital Management LLC now owns 74,059 shares of the apparel retailer's stock valued at $11,203,000 after buying an additional 21,500 shares during the period. Baird Financial Group Inc. increased its stake in shares of Ross Stores by 274.3% in the 4th quarter. Baird Financial Group Inc. now owns 20,466 shares of the apparel retailer's stock valued at $3,096,000 after acquiring an additional 14,998 shares in the last quarter. FMR LLC lifted its position in shares of Ross Stores by 11.9% during 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 period. Oppenheimer & Co. Inc. boosted its stake in Ross Stores by 22.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,847 shares of the apparel retailer's stock worth $431,000 after acquiring an additional 524 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Ross Stores in the fourth quarter worth $17,221,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROST has been the topic of a number of recent research reports. Morgan Stanley cut their price target on 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. Evercore ISI cut their target price on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report 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 for the company in a research report on Friday, May 23rd. Barclays dropped their price target on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ross Stores currently has an average rating of "Moderate Buy" and a consensus price target of $158.94.

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.