DekaBank Deutsche Girozentrale Sells 5,617 Shares of Ross Stores, Inc. (NASDAQ:ROST)

DekaBank Deutsche Girozentrale reduced its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 596,656 shares of the apparel retailer's stock after selling 5,617 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.18% of Ross Stores worth $74,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in ROST. Larson Financial Group LLC lifted its stake in Ross Stores by 152.9% during 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 Ross Stores by 50.7% during the first 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 last quarter. Tradewinds Capital Management LLC lifted its stake in Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 75 shares during the last quarter. Putney Financial Group LLC bought a new stake in Ross Stores during the fourth quarter worth $44,000. Finally, Cary Street Partners Financial LLC bought a new stake in Ross Stores during the fourth quarter worth $48,000. 86.86% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROST shares. Wall Street Zen cut Ross Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Telsey Advisory Group reiterated a "market perform" rating and set a $150.00 price target on shares of Ross Stores in a report on Friday, May 23rd. Evercore ISI lowered their price target on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. Barclays lowered their price target on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Loop Capital lowered their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ross Stores currently has an average rating of "Moderate Buy" and an average target price of $158.94.

Ross Stores Trading Up 0.3%

Ross Stores stock traded up $0.35 during trading hours on Thursday, reaching $131.56. 1,097,533 shares of the company's stock were exchanged, compared to its average volume of 3,174,906. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18. The firm's 50 day simple moving average is $138.39 and its 200 day simple moving average is $139.60. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $163.60. The firm has a market capitalization of $43.03 billion, a PE ratio of 20.78, a PEG ratio of 2.52 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share 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 return on equity of 38.77% and a net margin of 9.79%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the business posted $1.46 EPS. Research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.405 per share. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.23%. Ross Stores's dividend payout ratio (DPR) is presently 25.59%.

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.