QRG Capital Management Inc. Reduces Stake in Ross Stores, Inc. $ROST

QRG Capital Management Inc. lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 15.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,926 shares of the apparel retailer’s stock after selling 9,577 shares during the quarter. QRG Capital Management Inc.’s holdings in Ross Stores were worth $7,913,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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 during the period. Norges Bank acquired a new stake in shares of Ross Stores during the 2nd quarter worth approximately $521,159,000. Bank of America Corp DE lifted its stake in shares of 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 purchasing an additional 1,657,008 shares during the period. First Trust Advisors LP boosted its holdings in Ross Stores by 30.1% during the second quarter. First Trust Advisors LP now owns 3,669,876 shares of the apparel retailer’s stock worth $468,203,000 after buying an additional 849,391 shares in the last quarter. Finally, Scopus Asset Management L.P. purchased a new stake in Ross Stores during the second quarter worth $102,281,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Trading Down 0.7%

Shares of ROST stock opened at $192.36 on Friday. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $194.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. The stock’s fifty day moving average is $178.47 and its two-hundred day moving average is $157.97. The firm has a market capitalization of $62.22 billion, a P/E ratio of 30.06, a PEG ratio of 3.67 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 earnings per share. 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. Research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is 25.31%.

Wall Street Analysts Forecast Growth

ROST has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $205.00 target price on shares of Ross Stores in a research note on Monday, December 1st. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Erste Group Bank assumed coverage on Ross Stores in a research report on Friday, October 31st. They set a “buy” rating on the stock. Citigroup upped their target price on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Finally, BTIG Research began coverage on shares of Ross Stores in a research note on Tuesday, October 14th. They issued a “neutral” rating on the stock. 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $186.41.

About Ross Stores

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.