Compound Planning Inc. Buys New Shares in Ross Stores, Inc. $ROST

Key Points

• Compound Planning Inc. has acquired a new stake in Ross Stores, Inc., purchasing 2,006 shares valued at approximately $256,000 during the first quarter.
• Ross Stores recently reported quarterly earnings of $1.56 per share, exceeding analysts' expectations, with revenue of $5.53 billion.
• The company announced a quarterly dividend of $0.405 per share, with the ex-dividend date set for September 9th, representing a yield of 1.1% based on an annualized dividend of $1.62.

Compound Planning Inc. bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,006 shares of the apparel retailer's stock, valued at approximately $256,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Baird Financial Group Inc. lifted its position in Ross Stores by 274.3% during the fourth quarter. Baird Financial Group Inc. now owns 20,466 shares of the apparel retailer's stock valued at $3,096,000 after purchasing an additional 14,998 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Ross Stores by 42.0% in the fourth quarter. Deutsche Bank AG now owns 1,276,799 shares of the apparel retailer's stock valued at $193,141,000 after acquiring an additional 377,554 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of Ross Stores in the first quarter valued at about $328,000. Aurdan Capital Management LLC purchased a new position in shares of Ross Stores in the fourth quarter valued at about $8,516,000. Finally, Aurora Private Wealth Inc. purchased a new position in shares of Ross Stores in the first quarter valued at about $1,476,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 1.3%

Shares of NASDAQ ROST opened at $150.29 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58. The firm has a market capitalization of $49.16 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.85 and a beta of 1.11. The stock has a 50 day moving average price of $137.25 and a 200 day moving average price of $137.31. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $158.69.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.02. The firm had revenue of $5.53 billion during the quarter, compared to analyst estimates of $5.54 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.Ross Stores's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. Sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be issued a dividend of $0.405 per share. The ex-dividend date is Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a yield of 1.1%. Ross Stores's dividend payout ratio is currently 25.71%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Telsey Advisory Group restated a "market perform" rating and issued a $160.00 price objective (up from $150.00) on shares of Ross Stores in a research report on Monday, August 18th. Robert W. Baird lifted their target price on Ross Stores from $160.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, August 22nd. Wall Street Zen cut Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. UBS Group boosted their price objective on Ross Stores from $144.00 to $147.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group raised Ross Stores from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Twelve investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $160.00.

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.

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