Two Sigma Securities LLC Raises Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

25 Apr 2025, 09:38 by Teresa Graham · The Cerbat Gem

Two Sigma Securities LLC raised its holdings in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 140.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 12,992 shares of the apparel retailer’s stock after acquiring an additional 7,592 shares during the quarter. Two Sigma Securities LLC’s holdings in Ross Stores were worth $1,965,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ROST. Principal Financial Group Inc. grew its position in shares of Ross Stores by 8.3% during the third quarter. Principal Financial Group Inc. now owns 1,965,695 shares of the apparel retailer’s stock worth $295,857,000 after buying an additional 151,255 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Ross Stores by 3.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,772 shares of the apparel retailer’s stock valued at $2,675,000 after purchasing an additional 649 shares during the last quarter. Arvest Bank Trust Division acquired a new stake in shares of Ross Stores in the 3rd quarter valued at $244,000. Wilmington Savings Fund Society FSB lifted its position in shares of Ross Stores by 231.1% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,161 shares of the apparel retailer’s stock worth $1,228,000 after purchasing an additional 5,696 shares during the last quarter. Finally, Peapack Gladstone Financial Corp grew its stake in shares of Ross Stores by 1.8% during the third quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock worth $588,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Up 1.2 %

NASDAQ:ROST opened at $139.93 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $133.36 and its 200-day simple moving average is $142.68. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60. The firm has a market cap of $46.01 billion, a P/E ratio of 22.04, a PEG ratio of 2.13 and a beta of 1.11.

Ross Stores (NASDAQ:ROST – Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s payout ratio is currently 25.63%.

Insider Buying and Selling at Ross Stores

In related news, CMO Karen Sykes sold 5,036 shares of Ross Stores stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total value of $657,097.28. Following the sale, the chief marketing officer now directly owns 110,365 shares in the company, valued at $14,400,425.20. The trade was a 4.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Michael J. Hartshorn sold 7,492 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the transaction, the chief operating officer now owns 139,091 shares of the company’s stock, valued at $17,760,529.79. The trade was a 5.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,398 shares of company stock valued at $4,439,950. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ROST. Loop Capital decreased their price target on Ross Stores from $190.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Evercore ISI lowered their price target on Ross Stores from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. Telsey Advisory Group dropped their price target on shares of Ross Stores from $175.00 to $150.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird reduced their price objective on shares of Ross Stores from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, March 5th. Finally, Morgan Stanley dropped their target price on shares of Ross Stores from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.87.

Get Our Latest Stock Report on ROST

Ross Stores Company Profile

(Free Report)

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.