5,687 Shares in Ross Stores, Inc. (NASDAQ:ROST) Acquired by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has acquired a new stake of 5,687 shares in Ross Stores, Inc. valued at approximately $722,000.
• Ross Stores reported earnings of $1.47 per share, surpassing analysts' estimates, with a 2.6% year-over-year revenue growth.
• The company recently declared a quarterly dividend of $0.405 per share, yielding an annualized 1.17%.

Baader Bank Aktiengesellschaft acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,687 shares of the apparel retailer's stock, valued at approximately $722,000.

Several other hedge funds also recently modified their holdings of the stock. Golden State Wealth Management LLC increased its stake 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 purchasing an additional 73 shares in the last quarter. Bayforest Capital Ltd grew its stake in shares of Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 190 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Ross Stores by 36.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after acquiring an additional 75 shares in the last quarter. Putney Financial Group LLC bought a new stake in shares of Ross Stores in the 4th quarter worth $44,000. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Ross Stores in the 4th quarter worth $48,000. Institutional investors own 86.86% of the company's stock.

Wall Street Analyst Weigh In

ROST has been the topic of a number of research analyst reports. Telsey Advisory Group reissued a "market perform" rating and issued a $150.00 price target on shares of Ross Stores in a report on Friday, May 23rd. Wells Fargo & Company cut their price target on shares of Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Barclays cut their price target on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Wall Street Zen downgraded shares of Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Loop Capital cut their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $159.06.

Ross Stores Price Performance

Shares of Ross Stores stock traded up $0.47 on Friday, reaching $137.01. The stock had a trading volume of 2,220,593 shares, compared to its average volume of 2,327,187. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The company has a market cap of $44.81 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 2.61 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $134.16 and its two-hundred day moving average is $137.52.

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

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's dividend payout ratio is presently 25.59%.

Ross Stores Profile

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.