3,632 Shares in Ross Stores, Inc. (NASDAQ:ROST) Acquired by Sargent Investment Group LLC

Sargent Investment Group LLC bought a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,632 shares of the apparel retailer's stock, valued at approximately $464,000.

A number of other institutional investors have also added to or reduced their stakes in ROST. Golden State Wealth Management LLC grew its holdings in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC boosted its position in shares of Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 75 shares during the last quarter. Putney Financial Group LLC bought a new position in shares of Ross Stores during the 4th quarter valued at approximately $44,000. Cary Street Partners Financial LLC bought a new position in shares of Ross Stores during the 4th quarter valued at approximately $48,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of Ross Stores during the 4th quarter valued at approximately $53,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Price Performance

ROST opened at $129.94 on Monday. The business's 50-day moving average is $136.77 and its two-hundred day moving average is $138.38. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. The firm has a market capitalization of $42.50 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. The firm's quarterly revenue was up 2.6% compared to the same quarter last year. Research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.405 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.25%. Ross Stores's payout ratio is 25.59%.

Analyst Upgrades and Downgrades

ROST has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Telsey Advisory Group restated a "market perform" rating and issued a $150.00 price target on shares of Ross Stores in a research report on Friday, May 23rd. Loop Capital lowered their price target on Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Barclays decreased their target price on Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and lifted their target price for the stock from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $158.94.

About Ross Stores

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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