DnB Asset Management AS, a prominent player in the investment management arena, has publicly disclosed its move to fortify its holdings in Ross Stores, Inc., during the second quarter of this year, marking a 1.6 per cent surge. This development is revealed in their latest 13F submission to the Securities and Exchange Commission (SEC). The report outlines that DnB Asset Management AS now commands a portfolio of 67,231 shares in Ross Stores, reflecting an augmentation of 1,091 shares from the preceding quarter, with a total estimated worth of US $ 7,539,000.
Ross Stores, renowned for its expansive array of apparel and accessories, has been a consistent market performer, consistently captivating investors’ attention with its robust financial prowess.
Ross Stores displayed commendable financial indicators during this reporting period, boasting a return on equity (ROE) of 37.36 per cent, a testament to prudent use of shareholder investments and commendable returns for its stakeholders. Additionally, the company maintained a net margin of 8.36 per cent, indicative of efficient cost management and sound profitability.
The revenue front also favoured Ross Stores, with an impressive US $ 4.93 billion generated in the quarter, signifying a 7.7 per cent upswing compared to the corresponding period in the previous year. Moreover, this figure surpassed analysts’ earlier projections of US $ 4.75 billion.
It is imperative to note that the details concerning DnB Asset Management AS’s present holdings and the valuation of Ross Stores are based on their most recent SEC filing. Investors and stakeholders should remain mindful that these figures may fluctuate with the availability of new data.
