TD Waterhouse Canada Inc. Sells 740 Shares of Ross Stores, Inc. $ROST

TD Waterhouse Canada Inc. lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,068 shares of the apparel retailer’s stock after selling 740 shares during the period. TD Waterhouse Canada Inc.’s holdings in Ross Stores were worth $1,048,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ROST. Primecap Management Co. CA raised its holdings in shares of Ross Stores by 0.5% in the 2nd quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock worth $1,310,081,000 after buying an additional 51,765 shares in the last quarter. First American Trust FSB grew its position in Ross Stores by 13.5% in the second quarter. First American Trust FSB now owns 39,487 shares of the apparel retailer’s stock valued at $5,038,000 after acquiring an additional 4,691 shares during the period. Vanguard Group Inc. raised its stake in Ross Stores by 14.8% during the second quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after acquiring an additional 5,060,954 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Ross Stores by 7.6% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 573,739 shares of the apparel retailer’s stock valued at $73,198,000 after purchasing an additional 40,708 shares in the last quarter. Finally, Summitry LLC grew its holdings in shares of Ross Stores by 1.1% in the 2nd quarter. Summitry LLC now owns 428,912 shares of the apparel retailer’s stock worth $54,721,000 after purchasing an additional 4,718 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Trading Up 8.4%

Shares of NASDAQ ROST opened at $174.00 on Friday. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $174.86. The firm has a market capitalization of $56.59 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.04 and a beta of 1.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98. The company’s 50 day simple moving average is $155.63 and its 200 day simple moving average is $145.87.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The business had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. On average, analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, December 9th. Ross Stores’s payout ratio is presently 25.31%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ROST. TD Cowen upped their price objective on shares of Ross Stores from $170.00 to $174.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Robert W. Baird upped their target price on shares of Ross Stores from $170.00 to $182.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group raised their price target on shares of Ross Stores from $163.00 to $169.00 and gave the company a “neutral” rating in a report on Friday. Fourteen research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $174.07.

Insiders Place Their Bets

In other news, CEO James Grant Conroy sold 39,351 shares of the firm’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $146.00, for a total transaction of $5,745,246.00. Following the sale, the chief executive officer owned 157,153 shares of the company’s stock, valued at $22,944,338. This trade represents a 20.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stephen C. Brinkley sold 6,437 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $150.97, for a total value of $971,793.89. Following the completion of the transaction, the insider owned 57,012 shares of the company’s stock, valued at $8,607,101.64. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 52,720 shares of company stock valued at $7,761,212 in the last three months. Insiders own 2.20% of the company’s stock.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.