Ross Stores, Inc. (NASDAQ:ROST) Short Interest Update

Ross Stores, Inc. (NASDAQ:ROST) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 7,564,612 shares, a decrease of 15.3% from the January 15th total of 8,926,463 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily volume of 2,510,738 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 2,510,738 shares, the short-interest ratio is currently 3.0 days. Approximately 2.4% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $205.00 target price on shares of Ross Stores in a research report on Monday, December 1st. UBS Group lifted their price objective on Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. The Goldman Sachs Group raised their price target on Ross Stores from $190.00 to $214.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. lifted their price target on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $189.94.

Institutional Investors Weigh In On Ross Stores

Several hedge funds have recently modified their holdings of ROST. Aspect Partners LLC grew 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 valued at $26,000 after acquiring an additional 146 shares in the last quarter. American National Bank & Trust purchased a new position in shares of Ross Stores in the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Ross Stores by 7,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in Ross Stores during the 4th quarter worth $26,000. Finally, Grey Fox Wealth Advisors LLC purchased a new stake in Ross Stores during the 3rd quarter worth $29,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 0.9%

Shares of NASDAQ:ROST opened at $196.54 on Monday. The stock has a 50-day simple moving average of $186.70 and a 200-day simple moving average of $166.18. The stock has a market capitalization of $63.57 billion, a P/E ratio of 30.71, a PEG ratio of 3.41 and a beta of 0.99. Ross Stores has a 1 year low of $122.36 and a 1 year high of $197.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52.

Ross Stores (NASDAQ:ROST) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $5.38 billion. During the same period in the previous year, the company posted $1.48 earnings per share. Ross Stores’s revenue 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. Equities analysts forecast that Ross Stores will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders 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 is presently 25.31%.

Ross Stores Company 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.