Vanguard Group Inc. raised its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 17.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,121,706 shares of the apparel retailer's stock after purchasing an additional 4,946,101 shares during the period. Vanguard Group Inc. owned about 10.38% of Ross Stores worth $4,360,413,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted 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 worth $28,000 after acquiring an additional 73 shares during the last quarter. Forum Financial Management LP boosted its stake 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 last quarter. First Horizon Advisors Inc. boosted its stake 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 last quarter. Tradewinds Capital Management LLC boosted 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 buying an additional 75 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in Ross Stores by 1.0% during the first quarter. Principal Securities Inc. now owns 7,744 shares of the apparel retailer's stock worth $990,000 after buying an additional 75 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.
Ross Stores Price Performance
Ross Stores stock traded up $0.07 during mid-day trading on Friday, hitting $145.22. 2,295,698 shares of the company were exchanged, compared to its average volume of 2,398,608. 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 business's 50 day simple moving average is $134.63 and its two-hundred day simple moving average is $137.27. The company has a market capitalization of $47.50 billion, a P/E ratio of 22.94, a PEG ratio of 2.78 and a beta of 1.11. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share 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 during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the business posted $1.46 earnings per share. Ross Stores's revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.
Ross Stores Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a dividend of $0.405 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.62 annualized dividend and a dividend yield of 1.1%. Ross Stores's dividend payout ratio (DPR) is 25.59%.
Analysts Set New Price Targets
A number of research firms have weighed in on ROST. Jefferies Financial Group raised 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 research note on Wednesday, July 2nd. Evercore ISI reduced their target price on Ross Stores from $170.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their target price on Ross Stores from $154.00 to $156.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Telsey Advisory Group restated a "market perform" rating and issued a $150.00 target price on shares of Ross Stores in a research report on Friday, May 23rd. Finally, Wells Fargo & Company reduced their target price on Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research report on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ross Stores has a consensus rating of "Moderate Buy" and a consensus price target of $159.06.
Check Out Our Latest Stock Analysis on Ross Stores
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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