XTX Topco Ltd Sells 6,580 Shares of Ross Stores, Inc. (NASDAQ:ROST)

XTX Topco Ltd trimmed its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 62.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,950 shares of the apparel retailer's stock after selling 6,580 shares during the quarter. XTX Topco Ltd's holdings in Ross Stores were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 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 worth $28,000 after buying an additional 73 shares during the last quarter. Tradewinds Capital Management LLC grew its position in shares of Ross Stores by 36.6% in the 1st 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. Putney Financial Group LLC bought a new stake in shares of Ross Stores in the 4th quarter worth approximately $44,000. Cary Street Partners Financial LLC bought a new stake in shares of Ross Stores in the 4th quarter worth approximately $48,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ross Stores in the 1st quarter worth approximately $49,000. 86.86% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ROST. Morgan Stanley cut their price objective on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a research report on Friday, May 23rd. Telsey Advisory Group reiterated a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a research report on Friday, May 23rd. Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Barclays lowered their target price on Ross Stores from $157.00 to $156.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Finally, Jefferies Financial Group upgraded Ross Stores from a "hold" rating to a "buy" rating and raised their target price for the company from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $159.06.

Ross Stores Stock Down 1.0%

Ross Stores stock opened at $145.15 on Friday. The firm has a market cap of $47.47 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 2.81 and a beta of 1.11. The stock has a fifty day simple moving average of $134.52 and a two-hundred day simple moving average of $137.38. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60. 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 (NASDAQ:ROST - Get Free Report) last posted its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company's quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal 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 $0.405 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. Ross Stores's dividend payout ratio (DPR) is presently 25.59%.

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.

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