Cwm LLC Has $1.44 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

CWM LLC lessened its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 45.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,225 shares of the apparel retailer's stock after selling 9,203 shares during the period. CWM LLC's holdings in Ross Stores were worth $1,435,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Baird Financial Group Inc. increased its position in Ross Stores by 274.3% during the 4th quarter. Baird Financial Group Inc. now owns 20,466 shares of the apparel retailer's stock worth $3,096,000 after buying an additional 14,998 shares during the period. FMR LLC increased its holdings in Ross Stores by 11.9% in the 4th quarter. FMR LLC now owns 7,620,083 shares of the apparel retailer's stock valued at $1,152,690,000 after buying an additional 807,850 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Ross Stores in the 4th quarter valued at approximately $17,221,000. Deutsche Bank AG lifted its holdings in shares of Ross Stores by 42.0% during 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. Finally, Sowell Financial Services LLC acquired a new stake in shares of Ross Stores during the 1st quarter worth approximately $328,000. Institutional investors own 86.86% of the company's stock.

Wall Street Analyst Weigh In

ROST has been the topic of several analyst reports. Wall Street Zen cut Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Loop Capital dropped their target price 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. Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and increased their price target for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Morgan Stanley dropped their price objective on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a research note on Friday, May 23rd. Finally, Wells Fargo & Company lowered their target price on Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.94.

Ross Stores Price Performance

NASDAQ ROST traded up $4.08 during mid-day trading on Monday, hitting $134.02. The stock had a trading volume of 2,749,152 shares, compared to its average volume of 2,820,432. The company has a 50 day simple moving average of $136.77 and a 200 day simple moving average of $138.38. The company has a market cap of $43.83 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 2.48 and a beta of 1.11. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $163.60. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its 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. The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The company's revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Equities analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $0.405 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.21%. Ross Stores's payout ratio is currently 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.