Groupama Asset Managment Has $344,000 Holdings in Ross Stores, Inc. $ROST

Groupama Asset Management reduced its stake in Ross Stores, Inc. by 67.3% in Q2, owning 2,687 shares worth $344,000. Other institutional investors adjusted their holdings, with insiders selling shares. Ross Stores reported strong quarterly earnings, beating estimates, and announced a dividend. Analysts have recently provided updates on ROST shares.

Groupama Asset Managment lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 67.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,687 shares of the apparel retailer's stock after selling 5,535 shares during the period. Groupama Asset Managment's holdings in Ross Stores were worth $344,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also bought and sold shares of the company. Aspect Partners LLC grew its holdings in Ross Stores by 251.7% during the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer's stock worth $26,000 after acquiring an additional 146 shares during the period. Bayforest Capital Ltd grew its stake in Ross Stores by 372.5% during the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock worth $31,000 after purchasing an additional 190 shares during the period. Banque Transatlantique SA bought a new stake in Ross Stores in the first quarter worth approximately $29,000. Elevation Point Wealth Partners LLC acquired a new position in Ross Stores in the second quarter valued at approximately $38,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Ross Stores during the 2nd quarter worth approximately $38,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Insider Activity

In related news, CMO Karen Sykes sold 4,000 shares of the business's stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the transaction, the chief marketing officer directly owned 106,413 shares in the company, valued at approximately $16,149,236.88. The trade was a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen C. Brinkley sold 6,437 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 57,012 shares of the company's stock, valued at $8,607,101.64. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 52,720 shares of company stock valued at $7,761,212 over the last quarter. 2.20% of the stock is owned by insiders.

Ross Stores Trading Down 0.8%

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ROST opened at $176.33 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.58 and a quick ratio of 0.98. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $178.19. The firm has a market capitalization of $57.35 billion, a PE ratio of 27.99, a P/E/G ratio of 3.04 and a beta of 1.16. The company's 50-day moving average is $158.63 and its 200 day moving average is $146.96.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.20. The business 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 37.37% and a net margin of 9.60%.The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS. Ross Stores has set its FY 2025 guidance at 6.380-6.46 EPS. Q4 2025 guidance at 1.770-1.85 EPS. As a group, research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ROST shares. BTIG Research initiated coverage on shares of Ross Stores in a research note on Tuesday, October 14th. They issued a "neutral" rating for the company. Robert W. Baird lifted their price target on shares of Ross Stores from $170.00 to $182.00 and gave the company an "outperform" rating in a research note on Friday, November 21st. Telsey Advisory Group increased their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the stock a "market perform" rating in a research report on Friday, November 21st. Citigroup raised their target price on Ross Stores from $171.00 to $188.00 and gave the company a "buy" rating in a research note on Friday, November 21st. Finally, Morgan Stanley upped their price target on Ross Stores from $128.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, August 22nd. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $174.07.

View Our Latest Research Report on ROST

Ross Stores 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.

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