Short Interest in Ross Stores, Inc. (NASDAQ:ROST) Decreases By 15.3%

Ross Stores, Inc. (NASDAQ:ROST) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 7,564,612 shares, a decrease of 15.3% from the January 15th total of 8,926,463 shares. Based on an average daily volume of 2,510,738 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.4% of the company’s stock are sold short. Approximately 2.4% of the company’s stock are sold short. Based on an average daily volume of 2,510,738 shares, the days-to-cover ratio is currently 3.0 days.

Hedge Funds Weigh In On Ross Stores

Institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Ross Stores by 7,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in Ross Stores in the fourth quarter valued at about $26,000. American National Bank & Trust purchased a new stake in Ross Stores in the 3rd quarter valued at approximately $26,000. Bard Associates Inc. acquired a new position in Ross Stores during the 4th quarter worth approximately $31,000. Finally, City Holding Co. increased its position in Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group raised their target price on shares of Ross Stores from $181.00 to $199.00 and gave the company a “neutral” rating in a report on Tuesday. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. JPMorgan Chase & Co. raised their price target on Ross Stores from $188.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 21st. Finally, Telsey Advisory Group upped their price objective on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $190.94.

Ross Stores Stock Performance

ROST stock traded up $1.67 on Tuesday, hitting $198.21. The company’s stock had a trading volume of 2,528,696 shares, compared to its average volume of 2,322,983. The stock has a market cap of $64.11 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 3.41 and a beta of 0.99. The firm has a 50 day moving average of $187.07 and a two-hundred day moving average of $166.60. 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 has a 1 year low of $122.36 and a 1 year high of $198.98.

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 analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.38 billion. During the same period in the previous year, the business posted $1.48 earnings per share. Ross Stores’s quarterly 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. Equities analysts predict that Ross Stores will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

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