TimesSquare Capital Management LLC Boosts Holdings in Ross Stores, Inc. $ROST

TimesSquare Capital Management LLC lifted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 534,247 shares of the apparel retailer’s stock after buying an additional 12,395 shares during the quarter. Ross Stores comprises 1.2% of TimesSquare Capital Management LLC’s portfolio, making the stock its 26th largest position. TimesSquare Capital Management LLC owned approximately 0.16% of Ross Stores worth $81,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Woodline Partners LP raised its position 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 worth $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares during the period. CWM LLC raised its holdings in Ross Stores by 41.7% in the second quarter. CWM LLC now owns 15,907 shares of the apparel retailer’s stock worth $2,029,000 after purchasing an additional 4,682 shares in the last quarter. Bayforest Capital Ltd lifted its position in Ross Stores by 189.6% during the second quarter. Bayforest Capital Ltd now owns 698 shares of the apparel retailer’s stock valued at $89,000 after buying an additional 457 shares during the period. Finally, Mutual Advisors LLC boosted its holdings in shares of Ross Stores by 13.5% during the 2nd quarter. Mutual Advisors LLC now owns 4,783 shares of the apparel retailer’s stock valued at $662,000 after buying an additional 568 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ROST shares. Jefferies Financial Group reiterated a “buy” rating and issued a $205.00 price target on shares of Ross Stores in a research note on Monday, December 1st. UBS Group raised their target price on shares of Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. TD Cowen restated a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $170.00 price objective on shares of Ross Stores in a research report on Tuesday, January 6th. Finally, Evercore boosted their target price on Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, November 21st. 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, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price of $189.94.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $196.54 on Friday. 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 firm has a market cap of $63.57 billion, a price-to-earnings ratio of 30.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. The business has a 50-day simple moving average of $186.70 and a two-hundred day simple moving average of $165.98. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $197.24.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $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. On average, analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

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

Ross Stores 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.