Machina Capital S.A.S. Acquires Shares of 11,514 Ross Stores, Inc. $ROST

Machina Capital S.A.S. bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the third quarter, according to its most recent filing with the SEC. The fund bought 11,514 shares of the apparel retailer’s stock, valued at approximately $1,755,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROST. Gateway Investment Advisers LLC increased its holdings in Ross Stores by 3.1% during the third quarter. Gateway Investment Advisers LLC now owns 2,303 shares of the apparel retailer’s stock worth $351,000 after buying an additional 69 shares during the last quarter. Empirical Finance LLC boosted its stake in Ross Stores by 0.6% in the second quarter. Empirical Finance LLC now owns 12,032 shares of the apparel retailer’s stock valued at $1,535,000 after acquiring an additional 74 shares during the last quarter. Klingman & Associates LLC grew its position 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 valued at $826,000 after acquiring an additional 79 shares during the period. Cary Street Partners Investment Advisory LLC increased its stake in shares of Ross Stores by 3.2% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 2,868 shares of the apparel retailer’s stock worth $366,000 after purchasing an additional 90 shares during the last quarter. Finally, Daymark Wealth Partners LLC raised its holdings in shares of Ross Stores by 5.5% in the 2nd 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 during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

NASDAQ:ROST opened at $189.27 on Thursday. The business’s fifty day moving average is $184.53 and its 200 day moving average is $163.27. The firm has a market cap of $61.22 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.31 and a beta of 0.99. 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, Inc. has a 52-week low of $122.36 and a 52-week high of $194.92.

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 analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a return on equity of 36.75% and a net margin of 9.47%.The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company’s quarterly 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. Research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company also recently declared 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 yield of 0.9%. The ex-dividend date of this dividend was Tuesday, December 9th. Ross Stores’s dividend payout ratio (DPR) is presently 25.31%.

Analyst Ratings Changes

Several brokerages have weighed in on ROST. Erste Group Bank initiated coverage on Ross Stores in a report on Friday, October 31st. They set a “buy” rating for the company. Citigroup upped their price target on Ross Stores from $171.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. Jefferies Financial Group restated a “buy” rating and issued a $205.00 price objective on shares of Ross Stores in a research note on Monday, December 1st. Finally, Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $186.41.

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.