Flossbach Von Storch SE Makes New Investment in Ross Stores, Inc. $ROST

Flossbach Von Storch SE bought a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,389 shares of the apparel retailer's stock, valued at approximately $11,790,000.

A number of other hedge funds have also recently modified their holdings of ROST. Woodline Partners LP boosted its stake in Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer's stock valued at $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer's stock worth $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Ross Stores by 35.8% in the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer's stock valued at $1,350,000 after purchasing an additional 2,792 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Ross Stores by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer's stock valued at $19,200,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Ross Stores by 2.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer's stock valued at $1,605,000 after purchasing an additional 265 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROST has been the topic of a number of research reports. Morgan Stanley set a $231.00 price target on Ross Stores in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price objective on Ross Stores from $248.00 to $251.00 and gave the company an "overweight" rating in a report on Monday, May 18th. Wall Street Zen lowered shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 20th. UBS Group reaffirmed a "buy" rating on shares of Ross Stores in a report on Tuesday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Ross Stores in a research report on Monday, July 6th. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $244.76.

Ross Stores Price Performance

Ross Stores stock opened at $234.69 on Thursday. Ross Stores, Inc. has a 12 month low of $143.39 and a 12 month high of $257.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94. The business has a 50 day simple moving average of $234.03 and a 200-day simple moving average of $221.46. The stock has a market capitalization of $75.28 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 2.64 and a beta of 0.86.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The apparel retailer reported $2.02 earnings per share for the quarter, beating analysts' consensus estimates of $1.73 by $0.29. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. Ross Stores's quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the firm posted $1.47 EPS. Equities analysts predict that Ross Stores, Inc. will post 7.78 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores's dividend payout ratio (DPR) is 24.86%.

Ross Stores Company Profile

Ross Stores, Inc NASDAQ: ROST is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd's DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross's business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.

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