Wealthfront Advisers LLC Has $5.49 Million Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Wealthfront Advisers LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 42,950 shares of the apparel retailer's stock after acquiring an additional 6,437 shares during the period. Wealthfront Advisers LLC's holdings in Ross Stores were worth $5,489,000 as of its most recent SEC filing.

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

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $130.48 on Friday. The business's 50 day moving average is $137.02 and its 200-day moving average is $138.72. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $42.68 billion, a PE ratio of 20.61, a PEG ratio of 2.47 and a beta of 1.11. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.03. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. Sell-side analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a yield of 1.24%. Ross Stores's dividend payout ratio is currently 25.59%.

Analyst Ratings Changes

ROST has been the subject of a number of research reports. Jefferies Financial Group upgraded shares of Ross Stores from a "hold" rating to a "buy" rating and lifted their target price for the stock from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Evercore ISI reduced their target price on Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $141.00 to $154.00 and gave the stock an "overweight" rating in a report on Friday, June 13th. Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Morgan Stanley reduced their price objective on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating for the company in a report on Friday, May 23rd. Five investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.