UniSuper Management Pty Ltd Has $4.75 Million Stake in Ross Stores, Inc. $ROST

UniSuper Management Pty Ltd grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 10.7% during the third quarter, HoldingsChannel.com reports. The firm owned 31,182 shares of the apparel retailer’s stock after buying an additional 3,008 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Ross Stores were worth $4,752,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Gateway Investment Advisers LLC raised its position in Ross Stores by 3.1% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock valued at $351,000 after buying an additional 69 shares during the last quarter. Empirical Finance LLC grew its stake in shares of Ross Stores by 0.6% during the 2nd quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock worth $1,535,000 after acquiring an additional 74 shares in the last quarter. Klingman & Associates LLC grew its stake in shares of Ross Stores by 1.5% during the 3rd quarter. Klingman & Associates LLC now owns 5,421 shares of the apparel retailer’s stock worth $826,000 after acquiring an additional 79 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Ross Stores by 3.2% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock valued at $366,000 after purchasing an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC lifted its position in shares of Ross Stores by 5.5% in the second quarter. Daymark Wealth Partners LLC now owns 1,876 shares of the apparel retailer’s stock worth $239,000 after purchasing an additional 97 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROST. BTIG Research started coverage on shares of Ross Stores in a research report on Tuesday, October 14th. They issued a “neutral” rating for the company. Bank of America increased their price objective on shares of Ross Stores from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, November 21st. UBS Group raised their price objective on Ross Stores from $169.00 to $181.00 and gave the company a “neutral” rating in a report on Thursday, January 8th. Erste Group Bank initiated coverage on Ross Stores in a report on Friday, October 31st. They set a “buy” rating on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a $205.00 price target on shares of Ross Stores in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $186.41.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $188.55 on Monday. 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 business’s 50 day moving average price is $181.27 and its two-hundred day moving average price is $160.23. The company has a market cap of $60.99 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $194.92.

Ross Stores (NASDAQ:ROST) last issued its earnings results 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 the consensus estimate of $5.38 billion. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $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, analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

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