TimesSquare Capital Management LLC Buys 12,395 Shares of Ross Stores, Inc. $ROST

TimesSquare Capital Management LLC grew its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 534,247 shares of the apparel retailer’s stock after buying an additional 12,395 shares during the period. Ross Stores accounts for 1.2% of TimesSquare Capital Management LLC’s portfolio, making the stock its 26th biggest holding. TimesSquare Capital Management LLC’s holdings in Ross Stores were worth $81,414,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aspect Partners LLC lifted its holdings in Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 146 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Ross Stores during the 3rd quarter valued at $26,000. Grey Fox Wealth Advisors LLC bought a new position in Ross Stores in the 3rd quarter worth $29,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Ross Stores by 162.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after buying an additional 148 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Ross Stores during the second quarter valued at about $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Up 0.9%

Shares of ROST opened at $196.54 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The stock has a market capitalization of $63.57 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $197.24. The business’s 50 day simple moving average is $186.70 and its 200-day simple moving average is $165.98.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period last year, the firm posted $1.48 earnings per share. Ross Stores’s revenue for the quarter was up 10.4% compared to the same quarter last year. 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, equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were given a dividend of $0.405 per share. The ex-dividend date was Tuesday, December 9th. This represents a $1.62 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio is 25.31%.

Analyst Ratings Changes

ROST has been the subject of a number of recent analyst reports. Guggenheim raised Ross Stores to a “strong-buy” rating in a research note on Wednesday, December 10th. Jefferies Financial Group restated a “buy” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. The Goldman Sachs Group lifted their price objective on shares of Ross Stores from $190.00 to $214.00 and gave the company a “buy” rating in a research report on Tuesday. Citigroup boosted their target price on shares of Ross Stores from $188.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.94.

About Ross Stores

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.