Bank Julius Baer & Co. Ltd Zurich purchased a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,466 shares of the apparel retailer's stock, valued at approximately $315,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Baird Financial Group Inc. grew its holdings in shares of Ross Stores by 274.3% in the 4th quarter. Baird Financial Group Inc. now owns 20,466 shares of the apparel retailer's stock worth $3,096,000 after acquiring an additional 14,998 shares during the period. FMR LLC grew its holdings in shares of Ross Stores by 11.9% in the 4th quarter. FMR LLC now owns 7,620,083 shares of the apparel retailer's stock worth $1,152,690,000 after acquiring an additional 807,850 shares during the period. Deutsche Bank AG grew its holdings in shares of Ross Stores by 42.0% in the 4th quarter. Deutsche Bank AG now owns 1,276,799 shares of the apparel retailer's stock worth $193,141,000 after acquiring an additional 377,554 shares during the period. Sowell Financial Services LLC acquired a new stake in shares of Ross Stores in the 1st quarter worth approximately $328,000. Finally, Aurdan Capital Management LLC acquired a new stake in Ross Stores during the 4th quarter valued at $8,516,000. Institutional investors and hedge funds own 86.86% of the company's stock.
Ross Stores Trading Up 0.8%
Shares of ROST traded up $1.13 during trading hours on Monday, hitting $139.46. The stock had a trading volume of 584,980 shares, compared to its average volume of 3,110,829. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55. The firm has a market cap of $45.61 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.64 and a beta of 1.11. The company's fifty day simple moving average is $135.32 and its 200 day simple moving average is $137.77. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60.
Ross Stores (NASDAQ:ROST - Get Free Report) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.03. The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The business's quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $1.46 EPS. Equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.
Ross Stores Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's dividend payout ratio (DPR) is presently 25.59%.
Wall Street Analyst Weigh In
A number of brokerages have commented on ROST. Wells Fargo & Company lowered their target price on Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Evercore ISI lowered their target price on Ross Stores from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Loop Capital lowered their target price on Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. JPMorgan Chase & Co. increased their target price on Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a report on Monday. Finally, Wall Street Zen cut Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $159.06.
Get Our Latest Analysis on ROST
About Ross Stores
(
Free Report)
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.
Further Reading
Before you consider Ross Stores, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ross Stores wasn't on the list.
While Ross Stores currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
