Amundi Purchases 50,811 Shares of Ross Stores, Inc. $ROST

Amundi boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,906,630 shares of the apparel retailer's stock after purchasing an additional 50,811 shares during the period. Amundi owned about 0.59% of Ross Stores worth $405,826,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores in the fourth quarter valued at about $31,000. Virtus Advisers LLC acquired a new stake in Ross Stores in the 4th quarter valued at about $32,000. Fideuram Asset Management Ireland dac acquired a new stake in Ross Stores in the 4th quarter valued at about $38,000. Finally, Twin Lakes Capital Management LLC bought a new position in shares of Ross Stores in the second quarter worth about $41,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Telsey Advisory Group raised their price target on shares of Ross Stores from $265.00 to $280.00 and gave the company an "outperform" rating in a report on Friday, August 14th. The Goldman Sachs Group reiterated a "buy" rating and issued a $270.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Citigroup lifted their target price on Ross Stores from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Friday, August 21st. Sanford C. Bernstein boosted their target price on Ross Stores from $230.00 to $240.00 and gave the stock a "market perform" rating in a research report on Friday, August 21st. Finally, Robert W. Baird raised their target price on shares of Ross Stores from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $263.76.

Ross Stores Stock Performance

NASDAQ ROST opened at $230.69 on Tuesday. The stock has a 50-day simple moving average of $234.95 and a 200 day simple moving average of $225.14. The company has a market capitalization of $73.69 billion, a PE ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 0.85. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.71. The firm had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.16 billion. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The company's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.56 earnings per share. Research analysts forecast that Ross Stores, Inc. will post 8.15 EPS for the current year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's dividend payout ratio (DPR) is currently 21.55%.

About Ross Stores

Ross Stores, Inc NASDAQ: ROST is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd's DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross's business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.

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