TimesSquare Capital Management LLC Sells 110,879 Shares of Ross Stores, Inc. $ROST

TimesSquare Capital Management LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 20.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 423,368 shares of the apparel retailer’s stock after selling 110,879 shares during the quarter. Ross Stores accounts for approximately 1.1% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 28th biggest holding. TimesSquare Capital Management LLC’s holdings in Ross Stores were worth $76,266,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ROST. Holocene Advisors LP bought a new position in Ross Stores in the 3rd quarter valued at about $351,763,000. Marshall Wace LLP lifted its position in Ross Stores by 1,908.8% in the 3rd quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after acquiring an additional 1,726,324 shares in the last quarter. Bank of America Corp DE lifted its position in Ross Stores by 20.9% in the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares in the last quarter. Scopus Asset Management L.P. bought a new position in shares of Ross Stores during the 2nd quarter worth approximately $102,281,000. Finally, Junto Capital Management LP lifted its position in shares of Ross Stores by 184.6% during the 3rd quarter. Junto Capital Management LP now owns 968,290 shares of the apparel retailer’s stock worth $147,558,000 after buying an additional 628,042 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

More Ross Stores News

Here are the key news stories impacting Ross Stores this week:

• Positive Sentiment: Truist Securities initiated coverage of Ross Stores (ROST) with a Buy rating and a $270 price target, highlighting the retailer as one of its favored names in the off-price/vertical retail space. Article Title
• Positive Sentiment: JPMorgan raised its price target on Ross Stores (ROST) to $251 from $248 and kept an Overweight rating, implying further upside if earnings remain solid. Article Title
• Positive Sentiment: Analysts and preview articles say Ross Stores is heading into Q1 results with expectations for double-digit sales and EPS growth, supported by strong traffic, merchandising execution, and store expansion. Article Title
• Neutral Sentiment: Wall Street is also focusing on the upcoming earnings release, with investors watching key metrics for confirmation that momentum in the business is continuing. Article Title
• Neutral Sentiment: Erste Group Bank reportedly boosted its FY2027 EPS estimate for Ross Stores (ROST), adding to the generally constructive analyst backdrop, though this is less immediately market-moving than the new buy ratings. Article Title

Ross Stores Price Performance

Ross Stores stock opened at $211.08 on Tuesday. The company’s 50 day moving average price is $218.41 and its two-hundred day moving average price is $195.57. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $231.16. The stock has a market cap of $68.00 billion, a P/E ratio of 31.93, a P/E/G ratio of 2.89 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a net margin of 9.43% and a return on equity of 36.70%. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the business posted $1.65 EPS. Ross Stores’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities analysts predict that Ross Stores, Inc. will post 7.33 earnings per share for the current year.

Ross Stores Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, March 13th. This is an increase from Ross Stores’s previous quarterly dividend of $0.41. Ross Stores’s dividend payout ratio (DPR) is 26.93%.

Insider Transactions at Ross Stores

In other news, Director Patricia H. Mueller sold 1,881 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total transaction of $400,897.53. Following the completion of the sale, the director owned 2,159 shares in the company, valued at $460,147.67. This trade represents a 46.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer owned 104,648 shares of the company’s stock, valued at approximately $22,331,883.20. The trade was a 5.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 25,756 shares of company stock worth $5,521,004 in the last quarter. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Citigroup lifted their target price on shares of Ross Stores from $240.00 to $261.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Zacks Research cut shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday. Telsey Advisory Group reissued an “outperform” rating and set a $240.00 target price on shares of Ross Stores in a research report on Thursday, March 26th. Finally, Guggenheim reissued a “buy” rating and set a $290.00 target price on shares of Ross Stores in a research report on Monday, April 27th. Seventeen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $218.56.

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.