Envestnet Asset Management Inc. Boosts Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Envestnet Asset Management Inc. lifted its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,428,447 shares of the apparel retailer's stock after buying an additional 17,723 shares during the period. Envestnet Asset Management Inc. owned approximately 0.43% of Ross Stores worth $182,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ROST. Larson Financial Group LLC boosted its position in Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 107 shares during the last quarter. Golden State Wealth Management LLC lifted its stake in shares of Ross Stores by 50.7% in the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock worth $28,000 after purchasing an additional 73 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of Ross Stores by 36.6% in the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after buying an additional 75 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Ross Stores in the fourth quarter worth approximately $44,000. Finally, Cary Street Partners Financial LLC bought a new stake in Ross Stores during the fourth quarter valued at approximately $48,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Price Performance

Ross Stores stock traded down $0.35 during midday trading on Wednesday, reaching $131.21. 2,211,489 shares of the stock traded hands, compared to its average volume of 2,799,296. The stock has a market cap of $42.91 billion, a P/E ratio of 20.73, a PEG ratio of 2.50 and a beta of 1.11. The stock's fifty day moving average is $138.54 and its 200-day moving average is $139.66. 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, 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 announced its quarterly 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 company had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. Ross Stores's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 earnings per share. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 annualized dividend and a yield of 1.23%. Ross Stores's dividend payout ratio is currently 25.59%.

Analysts Set New Price Targets

Several research analysts have weighed in on ROST shares. Loop Capital decreased their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their price objective on Ross Stores from $141.00 to $154.00 and gave the stock an "overweight" rating in a research note on Friday, June 13th. Telsey Advisory Group restated a "market perform" rating and set a $150.00 target price on shares of Ross Stores in a research note on Friday, May 23rd. Wall Street Zen downgraded shares of Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, 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. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $158.94.

Ross Stores Company 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.