Ross Stores, Inc. $ROST Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 94.2% in the third quarter, Holdings Channel.com reports. The firm owned 46,264 shares of the apparel retailer’s stock after selling 751,441 shares during the quarter. Nordea Investment Management AB’s holdings in Ross Stores were worth $7,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. American National Bank & Trust purchased a new stake in shares of Ross Stores in the third quarter valued at approximately $26,000. Aspect Partners LLC raised its position in 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 148 shares during the period. True Wealth Design LLC boosted its position in shares of Ross Stores by 152.0% during the 3rd quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 155 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Ross Stores during the 2nd quarter worth $38,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Erste Group Bank assumed coverage on Ross Stores in a research note on Friday, October 31st. They set a “buy” rating on the stock. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, BTIG Research started coverage on Ross Stores in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Stock Down 0.7%

ROST stock opened at $192.36 on Friday. The company has a 50 day moving average price of $178.47 and a two-hundred day moving average price of $157.97. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The stock has a market capitalization of $62.22 billion, a P/E ratio of 30.06, a PEG ratio of 3.67 and a beta of 1.01. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $194.92.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.20. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS and its Q4 2025 guidance at 1.770-1.85 EPS. As a group, sell-side analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were given a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, December 9th. This represents a $1.62 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 25.31%.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.