Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 90.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,142 shares of the apparel retailer's stock after selling 151,484 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Ross Stores were worth $2,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ROST. Forum Financial Management LP grew its holdings in shares of Ross Stores by 5.3% during the 4th quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer's stock valued at $223,000 after purchasing an additional 74 shares during the last quarter. Frank Rimerman Advisors LLC lifted its position in Ross Stores by 2.6% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,105 shares of the apparel retailer's stock valued at $470,000 after buying an additional 79 shares during the period. Opal Wealth Advisors LLC lifted its holdings in shares of Ross Stores by 5.6% during the first quarter. Opal Wealth Advisors LLC now owns 1,598 shares of the apparel retailer's stock valued at $204,000 after purchasing an additional 85 shares during the last quarter. Mountain Pacific Investment Advisers LLC boosted its holdings in Ross Stores by 1.1% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 9,200 shares of the apparel retailer's stock worth $1,176,000 after acquiring an additional 100 shares in the last quarter. Finally, MML Investors Services LLC raised its holdings in Ross Stores by 0.3% in the fourth quarter. MML Investors Services LLC now owns 29,684 shares of the apparel retailer's stock worth $4,490,000 after buying an additional 102 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

NASDAQ:ROST traded up $0.31 during midday trading on Friday, hitting $131.17. The company's stock had a trading volume of 2,171,499 shares, compared to its average volume of 2,809,529. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The firm's 50 day moving average is $138.23 and its 200-day moving average is $139.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. The firm has a market cap of $42.90 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.51 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. The business 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%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $1.46 EPS. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 yield of 1.24%. Ross Stores's payout ratio is currently 25.59%.

Analyst Ratings Changes

A number of brokerages have recently commented on ROST. Loop Capital reduced 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. Jefferies Financial Group raised shares of Ross Stores from a "hold" rating to a "buy" rating and upped their price target for the company from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Citigroup upgraded Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 target price for the company in a research report on Thursday, April 3rd. Morgan Stanley cut their price target on shares of Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a report on Friday, May 23rd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of "Moderate Buy" and an average price target of $158.94.

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.