Ross Stores, Inc. (ROST) has recently experienced various shifts in its stock position. An alliance named Strengthening Families & Communities LLC holds a $108,000 stake while Triasima Portfolio Management has taken a $1.15 million position. Other stakeholders like Coho Partners Ltd, Crossmark Global Holdings, Louisbourg Investments, and Sumitomo Mitsui Trust Group also showed their faith in the retail company by increasing their holdings.
The recent Q3 earnings report revealed an 11% increase in EPS to $1.48, even with slowed sales growth. The company also paid a quarterly dividend of $0.3675 and reported having 2,192 store locations nationwide. Despite inflation challenges, Ross Stores still managed strong EPS growth in Q3 2024 and lifted its annual profit forecast consequently.
On the leadership front, the company announced James G. Conroy as the next CEO amidst other significant leadership changes. Moreover, even though Ross Stores stock was reported to have underperformed in the recent market upswing, the company still gained but lagged the market. Financial analysts continue to have mixed views about Ross Stores, with the consensus rating given being ‘Moderate Buy’.
Ross Stores ROST News Analytics from Thu, 23 May 2024 07:00:00 GMT to Sat, 15 Feb 2025 12:26:03 GMT - Rating 6 - Innovation -3 - Information 7 - Rumor -1
