Miracle Mile Advisors LLC Takes Position in Ross Stores, Inc. $ROST

Miracle Mile Advisors LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 9,769 shares of the apparel retailer’s stock, valued at approximately $1,489,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROST. Aspect Partners LLC increased its stake in Ross Stores by 251.7% in 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 period. Banque Transatlantique SA acquired a new stake in shares of Ross Stores in the 1st quarter worth $29,000. Bayforest Capital Ltd boosted its holdings in shares of Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Ross Stores during the second quarter worth about $38,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Ross Stores during the second quarter worth about $38,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Price Performance

Ross Stores stock opened at $182.74 on Friday. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $185.85. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The firm’s 50-day simple moving average is $172.44 and its 200 day simple moving average is $153.42. The firm has a market capitalization of $59.11 billion, a PE ratio of 28.55, a P/E/G ratio of 3.97 and a beta of 1.01.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share 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 firm had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.38 billion. During the same period last year, the firm posted $1.48 EPS. The firm’s revenue for the quarter 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. On average, equities research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

Wall Street Analyst Weigh In

ROST has been the topic of a number of analyst reports. Robert W. Baird set a $200.00 price objective on Ross Stores in a report on Wednesday, December 17th. Barclays raised their price target on Ross Stores from $164.00 to $183.00 and gave the company an “overweight” rating in a report on Friday, November 21st. UBS Group set a $203.00 price objective on Ross Stores in a report on Thursday, December 4th. Citigroup boosted their price objective on shares of Ross Stores from $171.00 to $188.00 and gave the stock a “buy” rating in a report on Friday, November 21st. Finally, Wells Fargo & Company upped their target price on shares of Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and an average price target of $183.56.

Insider Buying and Selling

In other Ross Stores news, insider Stephen C. Brinkley sold 6,437 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total transaction of $971,793.89. Following the completion of the transaction, the insider owned 57,012 shares of the company’s stock, valued at approximately $8,607,101.64. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

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.