BofA update shows where active managers are putting money
Karen Sykes, President and Chief Merchandising Officer of dd’s Discounts, a division of Ross Stores, Inc. (NASDAQ:ROST), recently sold 5,036 shares of the company’s common stock. Ross Stores, a prominent player in the Specialty Retail industry with a market capitalization of $42.85 billion, has maintained strong financial health according to InvestingPro analysis. The shares were sold at a weighted average price of $130.48, resulting in a total transaction value of approximately $657,110. Following this sale, Sykes now holds 110,365 shares of Ross Stores. The transaction was executed on April 2, 2025, and was disclosed in a filing with the Securities and Exchange Commission. The stock, currently trading at a P/E ratio of 20.71, is near its 52-week low, with analysts maintaining price targets ranging from $127 to $188. For deeper insights into insider transactions and comprehensive analysis, including 12 additional ProTips, check out the Ross Stores InvestingPro Research Report.
In other recent news, Ross Stores, Inc. has reported revenues of $21.1 billion for fiscal 2024, reinforcing its position as a leader in the off-price retail market. The company is actively pursuing expansion, having opened 19 new stores across 14 states, with plans to establish approximately 90 new locations this year. This expansion includes both Ross Dress for Less and dd’s DISCOUNTS chains, aiming to meet consumer demand for value and convenience. Meanwhile, analyst firms have adjusted their outlooks on Ross Stores, with Bernstein reducing the stock price target from $163 to $147 while maintaining a Market Perform rating. UBS has also lowered its price target from $168 to $163, citing stable fundamentals but cautioning about economic pressures. TD Cowen has revised its price target from $175 to $169, yet continues to maintain a Buy rating, highlighting Ross Stores’ strong market share gains and productivity. Despite these adjustments, analysts recognize the company’s consistent performance, with a history of same-store sales growth since 2008, excluding the COVID-19 years. These developments reflect a cautious yet optimistic view of Ross Stores’ strategic initiatives and market position.
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