TimesSquare Capital Management LLC Purchases 5,745 Shares of Ross Stores, Inc. (NASDAQ:ROST)

TimesSquare Capital Management LLC raised its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 579,512 shares of the apparel retailer's stock after acquiring an additional 5,745 shares during the quarter. Ross Stores makes up about 1.2% of TimesSquare Capital Management LLC's portfolio, making the stock its 25th largest holding. TimesSquare Capital Management LLC owned about 0.18% of Ross Stores worth $74,056,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Golden State Wealth Management LLC grew its position in shares of Ross Stores by 50.7% in the 1st 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 during the last quarter. Tradewinds Capital Management LLC increased its position in Ross Stores by 36.6% during the 1st 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 period. Putney Financial Group LLC bought a new position in Ross Stores during the 4th quarter worth approximately $44,000. Cary Street Partners Financial LLC acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $48,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Ross Stores in the 4th quarter valued at $53,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Stock Up 1.1%

NASDAQ ROST traded up $1.38 during trading hours on Thursday, hitting $130.48. The company's stock had a trading volume of 2,105,355 shares, compared to its average volume of 2,821,457. The company has a market capitalization of $42.68 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $163.60. The company's 50-day simple moving average is $137.02 and its two-hundred day simple moving average is $138.72.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.03. The company had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. Ross Stores's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS 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 dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.24%. The ex-dividend date was Tuesday, June 10th. Ross Stores's dividend payout ratio (DPR) is 25.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ROST shares. Barclays dropped their target price on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Telsey Advisory Group reissued a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a research note on Friday, May 23rd. Jefferies Financial Group raised Ross Stores from a "hold" rating to a "buy" rating and raised their target price for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Wells Fargo & Company dropped their price target on Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Finally, Morgan Stanley cut their price target on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a report on Friday, May 23rd. Five equities research 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 stock. According to data from MarketBeat, Ross Stores currently has a consensus rating of "Moderate Buy" and an average target price 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.