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Sather Financial Group Inc Has $54.33 Million Stake in Ross Stores, Inc. (NASDAQ:ROST)

Ross Stores logo with Retail/Wholesale background

Key Points

  • Sather Financial Group Inc reduced its stake in Ross Stores, Inc. by 1.5% in the 1st quarter, now holding 425,165 shares, which represent 3.5% of their investment portfolio.
  • Several large institutional investors increased their positions in Ross Stores during the 4th quarter, with Price T Rowe Associates Inc. MD raising their stake by 25.7%.
  • Ross Stores reported earnings of $1.47 per share in the last quarter, exceeding expectations, and also announced a quarterly dividend of $0.405 per share, reflecting a dividend yield of 1.17%.
  • MarketBeat previews the top five stocks to own by September 1st.

Sather Financial Group Inc cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 425,165 shares of the apparel retailer's stock after selling 6,673 shares during the period. Ross Stores accounts for approximately 3.5% of Sather Financial Group Inc's holdings, making the stock its 10th biggest holding. Sather Financial Group Inc owned approximately 0.13% of Ross Stores worth $54,332,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in ROST. Norges Bank purchased a new stake in Ross Stores during the 4th quarter worth $649,318,000. Price T Rowe Associates Inc. MD boosted its position in Ross Stores by 25.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock worth $2,952,170,000 after purchasing an additional 3,995,760 shares during the period. Royal Bank of Canada boosted its position in Ross Stores by 69.6% during the 4th quarter. Royal Bank of Canada now owns 3,336,312 shares of the apparel retailer's stock worth $504,684,000 after purchasing an additional 1,368,571 shares during the period. First Trust Advisors LP boosted its position in Ross Stores by 411.3% during the 4th quarter. First Trust Advisors LP now owns 1,458,963 shares of the apparel retailer's stock worth $220,697,000 after purchasing an additional 1,173,607 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in Ross Stores in the 4th quarter worth $176,973,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

Shares of NASDAQ:ROST traded down $0.49 during trading hours on Wednesday, hitting $139.08. The stock had a trading volume of 553,682 shares, compared to its average volume of 3,101,253. The stock's fifty day simple moving average is $134.76 and its 200 day simple moving average is $137.70. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60. The firm has a market capitalization of $45.49 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, beating the consensus estimate of $1.44 by $0.03. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. During the same quarter last year, the business earned $1.46 earnings per share. Ross Stores's revenue was up 2.6% compared to the same quarter last year. Sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal 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 issued a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's dividend payout ratio (DPR) is presently 25.59%.

Analyst Ratings Changes

A number of brokerages have commented on ROST. Wall Street Zen lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Loop Capital cut their price objective on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Jefferies Financial Group upgraded shares of Ross Stores from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Evercore ISI cut their price objective on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 23rd. Finally, Citigroup upgraded shares of Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price objective on the stock in a report on Thursday, April 3rd. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $159.06.

View Our Latest Analysis on ROST

Ross Stores Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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