Cullen Frost Bankers Inc. Has $1.02 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Cullen Frost Bankers Inc. trimmed its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 35.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,013 shares of the apparel retailer's stock after selling 4,315 shares during the period. Cullen Frost Bankers Inc.'s holdings in Ross Stores were worth $1,024,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ROST. Norges Bank bought a new position in Ross Stores in the 4th quarter valued at approximately $649,318,000. Price T Rowe Associates Inc. MD grew its holdings in Ross Stores by 25.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock worth $2,952,170,000 after purchasing an additional 3,995,760 shares during the period. Royal Bank of Canada grew its holdings in Ross Stores by 69.6% in the fourth quarter. Royal Bank of Canada now owns 3,336,312 shares of the apparel retailer's stock worth $504,684,000 after purchasing an additional 1,368,571 shares during the period. First Trust Advisors LP grew its holdings in shares of Ross Stores by 411.3% during the fourth quarter. First Trust Advisors LP now owns 1,458,963 shares of the apparel retailer's stock valued at $220,697,000 after buying an additional 1,173,607 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Ross Stores during the fourth quarter worth about $176,973,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Stock Performance

Shares of ROST stock opened at $130.48 on Friday. The company has a market cap of $42.68 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. The stock has a 50 day simple moving average of $137.02 and a 200-day simple moving average of $138.72. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18.

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

Ross Stores Dividend Announcement

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 dividend of $0.405 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.62 annualized dividend and a yield of 1.24%. Ross Stores's dividend payout ratio (DPR) is presently 25.59%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROST. Citigroup raised shares of Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price target on the stock in a report on Thursday, April 3rd. Loop Capital decreased their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. Barclays reduced their price objective on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Wall Street Zen lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company dropped their price objective 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. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.94.

About Ross Stores

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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