Hennion & Walsh Asset Management Inc. Sells 2,900 Shares of Ross Stores, Inc. $ROST

Hennion & Walsh Asset Management Inc. decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 21.1% in the 3rd quarter, Holdings Channel reports. The fund owned 10,843 shares of the apparel retailer’s stock after selling 2,900 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Ross Stores were worth $1,652,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC boosted its position in Ross Stores by 3.1% during the first quarter. Signature Estate & Investment Advisors LLC now owns 2,505 shares of the apparel retailer’s stock worth $320,000 after purchasing an additional 76 shares during the period. Woodline Partners LP lifted its stake in shares of Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after buying an additional 7,951 shares in the last quarter. Bayforest Capital Ltd boosted its holdings in Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after buying an additional 190 shares during the period. Focus Partners Wealth grew its stake in Ross Stores by 6.6% in the 1st quarter. Focus Partners Wealth now owns 18,129 shares of the apparel retailer’s stock valued at $2,317,000 after buying an additional 1,118 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Ross Stores by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after buying an additional 117 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROST. Wall Street Zen upgraded Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Sanford C. Bernstein restated a “market perform” rating and issued a $170.00 target price on shares of Ross Stores in a research note on Tuesday. Wells Fargo & Company lifted their target price on Ross Stores from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. TD Cowen increased their price target on shares of Ross Stores from $170.00 to $174.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, Erste Group Bank began coverage on shares of Ross Stores in a research report on Friday, October 31st. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $189.27 on Friday. The stock’s 50-day simple moving average is $174.69 and its two-hundred day simple moving average is $155.08. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $191.22. The firm has a market capitalization of $61.22 billion, a P/E ratio of 29.57, a P/E/G ratio of 4.12 and a beta of 1.01. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 20th. The apparel retailer reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. The company had revenue of $5.60 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, equities analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

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.