Y Intercept Hong Kong Ltd Buys 9,249 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Y Intercept Hong Kong Ltd boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 193.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,042 shares of the apparel retailer's stock after buying an additional 9,249 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Ross Stores were worth $1,794,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock valued at $28,000 after purchasing an additional 73 shares during the period. Tradewinds Capital Management LLC raised its position in Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock valued at $36,000 after buying an additional 75 shares during the period. Putney Financial Group LLC purchased a new stake in Ross Stores in the 4th quarter worth about $44,000. Cary Street Partners Financial LLC acquired a new stake in Ross Stores during the 4th quarter worth about $48,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new position in Ross Stores during the 4th quarter valued at about $53,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Stock Performance

NASDAQ ROST traded up $1.89 during midday trading on Friday, hitting $138.33. The company had a trading volume of 1,644,056 shares, compared to its average volume of 2,566,151. The firm has a fifty day simple moving average of $135.32 and a two-hundred day simple moving average of $137.88. The stock has a market cap of $45.24 billion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.64 and a beta of 1.11. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. The business 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 firm's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Equities analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 annualized dividend and a yield of 1.17%. Ross Stores's dividend payout ratio (DPR) is currently 25.59%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROST shares. Loop Capital reduced their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Jefferies Financial Group upgraded shares of Ross Stores from a "hold" rating to a "buy" rating and increased their target price for the stock from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Evercore ISI lowered their price target 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. Citigroup upgraded Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price objective for the company in a report on Thursday, April 3rd. Finally, Barclays lowered their target price on Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Five investment 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $158.94.

Ross Stores Company 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.