Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Roundview Capital LLC

Roundview Capital LLC cut its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 17.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,155 shares of the apparel retailer's stock after selling 2,294 shares during the quarter. Roundview Capital LLC's holdings in Ross Stores were worth $1,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ROST. Golden State Wealth Management LLC grew its stake in shares of Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 75 shares in the last quarter. Putney Financial Group LLC acquired a new position in Ross Stores during the 4th quarter worth $44,000. Cary Street Partners Financial LLC acquired a new position in Ross Stores during the 4th quarter worth $48,000. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in Ross Stores during the 4th quarter worth $53,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on ROST shares. Jefferies Financial Group raised Ross Stores from a "hold" rating to a "buy" rating and boosted their target price for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Morgan Stanley lowered their price objective on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating for the company in a research report on Friday, May 23rd. Evercore ISI lowered their price objective on Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 23rd. Loop Capital lowered their price objective on Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $150.00 price objective on shares of Ross Stores in a research 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.94.

Ross Stores Stock Performance

NASDAQ ROST traded down $0.73 on Thursday, hitting $136.44. 2,311,640 shares of the company's stock were exchanged, compared to its average volume of 2,658,569. 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's 50-day moving average price is $135.61 and its two-hundred day moving average price is $138.09. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The firm has a market cap of $44.63 billion, a price-to-earnings ratio of 21.55, a P/E/G ratio of 2.62 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.94 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. The firm's quarterly revenue was up 2.6% on a year-over-year basis. On average, research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's payout ratio is currently 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.