MASTERINVEST Kapitalanlage GmbH Invests $1.96 Million in Ross Stores, Inc. $ROST

Key Points

• MASTERINVEST Kapitalanlage GmbH acquired 9,220 Ross Stores shares worth approximately $1.96 million in the second quarter. Institutional investors collectively own 86.86% of the retailer.
• Ross Stores reported strong quarterly results, with earnings of $2.66 per share and revenue of $6.26 billion, exceeding analyst expectations; revenue increased 13.3% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $263.76, while Ross Stores declared a quarterly dividend of $0.445 per share, yielding about 0.8% annually.

MASTERINVEST Kapitalanlage GmbH bought a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,220 shares of the apparel retailer's stock, valued at approximately $1,962,000.

A number of other institutional investors have also added to or reduced their stakes in ROST. Hilton Head Capital Partners LLC purchased a new stake in Ross Stores during the fourth quarter valued at about $26,000. Bard Associates Inc. purchased a new position in shares of Ross Stores in the 4th quarter worth about $31,000. Virtus Advisers LLC bought a new position in shares of Ross Stores during the 2nd quarter valued at about $38,000. Bell Investment Advisors Inc purchased a new position in shares of Ross Stores during the 2nd quarter valued at about $43,000. Finally, BOK Financial Private Wealth Inc. purchased a new position in shares of Ross Stores during the 2nd quarter valued at about $44,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Stock Down 2.7%

Shares of Ross Stores stock opened at $229.87 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The company has a market cap of $73.74 billion, a P/E ratio of 27.83, a PEG ratio of 1.98 and a beta of 0.86. The company's fifty day simple moving average is $234.04 and its two-hundred day simple moving average is $223.42.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $1.56 EPS. Research analysts anticipate that Ross Stores, Inc. will post 8.15 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 8th. Ross Stores's dividend payout ratio is presently 21.55%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ROST shares. Barclays upped their target price on Ross Stores from $260.00 to $298.00 and gave the stock an "overweight" rating in a research note on Friday, August 21st. Telsey Advisory Group lifted their price target on shares of Ross Stores from $265.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. UBS Group boosted their price objective on shares of Ross Stores from $232.00 to $239.00 and gave the stock a "neutral" rating in a report on Friday, August 21st. JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $262.00 to $272.00 and gave the company an "overweight" rating in a research note on Friday, August 21st. Finally, Wall Street Zen lowered shares of Ross Stores from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 20th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Ross Stores currently has a consensus rating of "Moderate Buy" and a consensus price target of $263.76.

About Ross Stores

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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