OMERS ADMINISTRATION Corp Invests $5.47 Million in Ross Stores, Inc. $ROST

OMERS ADMINISTRATION Corp bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, Holdings Channel.com reports. The fund bought 25,691 shares of the apparel retailer’s stock, valued at approximately $5,468,000.

Several other institutional investors have also recently made changes to their positions in ROST. Cooper Financial Group grew its position in shares of Ross Stores by 2.8% in the second quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after purchasing an additional 52 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC lifted its holdings in Ross Stores by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after purchasing an additional 55 shares in the last quarter. MCF Advisors LLC boosted its stake in Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after purchasing an additional 57 shares during the period. Finally, Caxton Associates LLP boosted its stake in Ross Stores by 4.3% in the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock worth $308,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $241.52 on Tuesday. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $77.48 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86. The stock has a 50-day moving average price of $233.90 and a 200-day moving average price of $222.44.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The business had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period last year, the firm posted $1.56 earnings per share. Ross Stores’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts forecast that Ross Stores, Inc. will post 8.13 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores’s dividend payout ratio is currently 21.55%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group increased their price target on shares of Ross Stores from $232.00 to $239.00 and gave the stock a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $294.00 target price on shares of Ross Stores in a report on Friday. Barclays increased their target price on shares of Ross Stores from $260.00 to $298.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Finally, Zacks Research cut shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.76.

Key Ross Stores News

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

• Positive Sentiment: Earnings beat supports upside: Ross Stores substantially exceeded quarterly EPS expectations and reported double-digit revenue growth, reinforcing investor confidence in its off-price retail model. Ross Stores Trounces Earnings, Set To Retake Buy Point
• Positive Sentiment: Higher price targets: JPMorgan raised its price target to $272, while Robert W. Baird forecast strong potential appreciation. These actions suggest some analysts see additional upside following the earnings performance. JPMorgan Raises Ross Stores Price Target Baird Forecasts Strong Price Appreciation
• Positive Sentiment: Technical setup improves: A market forecast indicates that recent support has held across multiple timeframes, potentially allowing ROST to break above $245 and pursue higher technical targets. Ross Stores Price Forecast
• Neutral Sentiment: Analyst consensus remains constructive: Ross Stores carries an average “Moderate Buy” recommendation, indicating generally favorable sentiment but not unanimous conviction. Ross Stores Moderate Buy Recommendation
• Neutral Sentiment: UBS maintained a Hold rating, providing a counterpoint to the more bullish price-target revisions. UBS Maintains Hold Rating
• Neutral Sentiment: Investor attention remains focused on retail momentum and ROST’s outperformance versus TJX, although commentary from Jim Cramer is not a fundamental earnings catalyst. Jim Cramer Discusses Ross Stores and TJX

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.