DekaBank Deutsche Girozentrale Cuts Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

DekaBank Deutsche Girozentrale reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 0.9% during the 1st quarter, according to its most recent Form 13F filing 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 quarter. DekaBank Deutsche Girozentrale owned 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 and hedge funds also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC grew its position 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 buying an additional 73 shares during the period. Forum Financial Management LP grew its position in Ross Stores by 5.3% during the fourth quarter. Forum Financial Management LP now owns 1,474 shares of the apparel retailer's stock worth $223,000 after buying an additional 74 shares during the period. First Horizon Advisors Inc. grew its position in Ross Stores by 6.1% during the first quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer's stock worth $164,000 after buying an additional 74 shares during the period. Tradewinds Capital Management LLC grew its position 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 valued at $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Frank Rimerman Advisors LLC grew its position in shares of Ross Stores by 2.6% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,105 shares of the apparel retailer's stock valued at $470,000 after purchasing an additional 79 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Trading Up 0.2%

NASDAQ:ROST traded up $0.31 during trading hours on Friday, reaching $131.17. 2,171,499 shares of the company were exchanged, compared to its average volume of 2,809,529. 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 price-to-earnings ratio of 20.72, a PEG ratio of 2.51 and a beta of 1.11. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $163.60. The stock has a 50 day simple moving average of $138.23 and a 200 day simple moving average of $139.48.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted 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 company had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. Ross Stores's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 earnings per share. As a group, analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's dividend payout ratio is presently 25.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ROST. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $141.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Loop Capital lowered 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. Barclays lowered their price target on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a research 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 on the stock in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ross Stores has an average rating of "Moderate Buy" and a consensus target price of $158.94.

About Ross Stores

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.