Ross Stores, Inc. $ROST Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,889 shares of the apparel retailer's stock after purchasing an additional 9,588 shares during the period. California State Teachers Retirement System owned approximately 0.15% of Ross Stores worth $102,357,224 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROST. BlackRock Inc. acquired a new position in Ross Stores in the second quarter valued at about $5,938,711,000. Bank of America Corp DE acquired a new position in shares of Ross Stores during the second quarter worth approximately $2,024,203,000. Primecap Management Co. CA bought a new stake in shares of Ross Stores in the 2nd quarter worth approximately $1,937,995,000. Wellington Management Group LLP lifted its position in Ross Stores by 89.2% during the second quarter. Wellington Management Group LLP now owns 6,615,682 shares of the apparel retailer's stock valued at $1,408,148,000 after purchasing an additional 3,118,591 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Ross Stores during the fourth quarter valued at approximately $868,360,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ROST shares. Evercore set a $290.00 target price on Ross Stores in a report on Friday, August 21st. Truist Financial raised their price target on Ross Stores from $290.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, August 21st. Telsey Advisory Group increased their price target on shares of Ross Stores from $265.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 14th. Wall Street Zen downgraded shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $294.00 target price on shares of Ross Stores in a research note on Friday, August 21st. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Ross Stores presently has a consensus rating of "Moderate Buy" and a consensus target price of $263.76.

Ross Stores Stock Down 1.2%

NASDAQ:ROST traded down $2.82 during mid-day trading on Tuesday, hitting $227.22. 717,155 shares of the company's stock were exchanged, compared to its average volume of 2,694,374. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.98. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00. The company has a market cap of $72.59 billion, a PE ratio of 27.48, a P/E/G ratio of 1.94 and a beta of 0.85. The business has a fifty day moving average price of $236.51 and a 200 day moving average price of $226.10.

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

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores's dividend payout ratio is currently 21.55%.

About Ross Stores

Ross Stores, Inc NASDAQ: ROST is an off-price retailer that operates Ross Dress for Less and dd's DISCOUNTS stores. The company sells a broad selection of apparel, accessories, footwear and home fashion merchandise for women, men and children, generally at prices below those of traditional department and specialty stores.

Ross Stores follows an opportunistic buying model, purchasing name-brand, designer and other merchandise from manufacturers and retailers at discounted prices. Its product assortment changes frequently and can include clothing, shoes, handbags, jewelry, beauty products, furniture, bedding, home décor and other household goods.

Founded in 1950, the company is headquartered in Dublin, California, and serves customers primarily through its store network across the United States and Guam.

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