JPMorgan Chase & Co. Trims Stock Position in Ross Stores, Inc. $ROST

JPMorgan Chase & Co. cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,872,501 shares of the apparel retailer’s stock after selling 3,693,839 shares during the period. JPMorgan Chase & Co. owned about 3.98% of Ross Stores worth $1,961,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ROST. Aspect Partners LLC raised its stake in shares of Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Ross Stores in the third quarter worth about $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in Ross Stores during the third quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 148 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ross Stores during the second quarter valued at approximately $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ROST shares. Wells Fargo & Company upped their price objective on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Barclays reiterated an “overweight” rating and issued a $205.00 target price on shares of Ross Stores in a research note on Tuesday, January 6th. Robert W. Baird set a $200.00 price target on shares of Ross Stores in a research report on Wednesday, December 17th. The Goldman Sachs Group lifted their price objective on shares of Ross Stores from $190.00 to $214.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, Evercore upped their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, November 21st. Two equities research 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 stock. According to MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and an average target price of $189.94.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $196.54 on Tuesday. 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 fifty day moving average of $187.07 and a 200 day moving average of $166.60. The firm has a market cap of $63.57 billion, a PE ratio of 30.71, a PEG ratio of 3.41 and a beta of 0.99. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $197.24.

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

Ross Stores Announces Dividend

The company 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 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, December 9th. Ross Stores’s payout ratio is presently 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.