Jones Financial Companies Lllp Has $11.34 Million Position in Ross Stores, Inc. $ROST

Jones Financial Companies Lllp raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,859 shares of the apparel retailer’s stock after acquiring an additional 5,352 shares during the quarter. Jones Financial Companies Lllp’s holdings in Ross Stores were worth $11,343,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Woodline Partners LP lifted its stake in shares of Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 117 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Ross Stores during the 2nd quarter valued at about $38,000. DAVENPORT & Co LLC increased its holdings in shares of Ross Stores by 17.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 8,547 shares of the apparel retailer’s stock valued at $1,090,000 after acquiring an additional 1,247 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its stake in shares of Ross Stores by 7.3% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,068 shares of the apparel retailer’s stock valued at $264,000 after acquiring an additional 140 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ROST shares. Deutsche Bank Aktiengesellschaft set a $221.00 target price on Ross Stores in a research report on Thursday, January 8th. BTIG Research began coverage on shares of Ross Stores in a research report on Tuesday, October 14th. They set a “neutral” rating for the company. Citigroup lifted their price objective on Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. Wall Street Zen upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Barclays reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Ross Stores in a report on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $186.41.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $189.27 on Thursday. The firm has a market capitalization of $61.22 billion, a PE ratio of 29.57, a PEG ratio of 3.31 and a beta of 0.99. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $194.92. The business’s 50 day moving average is $184.53 and its 200-day moving average is $163.27.

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. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period in the prior year, the company posted $1.48 earnings per share. Ross Stores’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 and its Q4 2025 guidance at 1.770-1.85 EPS. Sell-side analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio is 25.31%.

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.