Mitsubishi UFJ Trust & Banking Corp Sells 7,506 Shares of Ross Stores, Inc. $ROST

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,384 shares of the apparel retailer’s stock after selling 7,506 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ross Stores were worth $21,546,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROST. Vanguard Group Inc. grew its position 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 buying an additional 5,060,954 shares in the last quarter. State Street Corp lifted its position in shares of Ross Stores by 0.4% during the 2nd quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock valued at $1,782,873,000 after acquiring an additional 61,168 shares during the period. Primecap Management Co. CA grew its holdings in shares of Ross Stores by 0.5% during the 2nd quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock worth $1,310,081,000 after purchasing an additional 51,765 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Ross Stores by 20.9% during the 2nd quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock worth $1,222,523,000 after purchasing an additional 1,657,008 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Ross Stores by 1.6% in the second quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock worth $1,102,077,000 after purchasing an additional 133,005 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Performance

NASDAQ ROST opened at $187.57 on Tuesday. The firm’s fifty day moving average price is $181.84 and its two-hundred day moving average price is $160.63. The stock has a market cap of $60.67 billion, a PE ratio of 29.31, a PEG ratio of 3.60 and a beta of 1.01. 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.

Ross Stores (NASDAQ:ROST) last announced its quarterly 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 company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.Ross Stores’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 EPS. 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, equities analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group increased their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, November 21st. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Sanford C. Bernstein reissued a “market perform” rating and issued a $170.00 price objective on shares of Ross Stores in a research note on Tuesday, January 6th. Barclays restated an “overweight” rating and set a $205.00 price objective on shares of Ross Stores in a research report on Tuesday, January 6th. Finally, Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.