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Vanguard Group Inc. Trims Holdings in Ross Stores, Inc. $ROST
Vanguard Group Inc. reduced its stake in Ross Stores (NASDAQ:ROST) by 1.4% in the third quarter, selling over 531,000 shares but still owning 11.88% of the company, valued at approximately $5.89 billion. Despite this sale, analysts are largely bullish on Ross Stores, with a consensus “Moderate Buy” rating and an average price target of $189.94, following strong Q3 earnings that surpassed expectations. The company also announced a quarterly dividend of $0.405 per share.