Ross Stores, Inc. $ROST Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 26.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,691 shares of the apparel retailer’s stock after selling 5,781 shares during the period. Ross Stores accounts for about 0.8% of Lecap Asset Management Ltd.’s portfolio, making the stock its 20th largest holding. Lecap Asset Management Ltd.’s holdings in Ross Stores were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust acquired a new stake in shares of Ross Stores in the 3rd quarter worth $26,000. Aspect Partners LLC grew its holdings in shares of 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 purchasing an additional 146 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 148 shares during the period. Bayforest Capital Ltd increased its position in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Finally, True Wealth Design LLC raised its stake in Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

ROST has been the subject of several analyst reports. Evercore ISI increased their price target on shares of Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Erste Group Bank started coverage on Ross Stores in a report on Friday, October 31st. They issued a “buy” rating on the stock. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. JPMorgan Chase & Co. lifted their target price on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 21st. Finally, UBS Group reiterated a “neutral” rating on shares of Ross Stores in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.63.

Ross Stores Stock Performance

NASDAQ ROST opened at $186.99 on Thursday. 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 company has a market cap of $60.48 billion, a P/E ratio of 29.22, a P/E/G ratio of 4.13 and a beta of 1.01. The stock has a 50-day moving average of $174.07 and a two-hundred day moving average of $154.84. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $189.58.

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

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 0.9%. Ross Stores’s dividend payout ratio (DPR) is currently 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.