ABN Amro Investment Solutions trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 27.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,521 shares of the apparel retailer’s stock after selling 10,591 shares during the quarter. ABN Amro Investment Solutions’ holdings in Ross Stores were worth $6,179,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in ROST. Woodline Partners LP lifted its stake in shares of Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares during the period. NewEdge Advisors LLC increased its position in shares of Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after purchasing an additional 2,792 shares during the period. Treasurer of the State of North Carolina raised its stake in shares of Ross Stores by 1.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after buying an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in shares of Ross Stores by 2.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock valued at $1,605,000 after purchasing an additional 265 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.
Ross Stores Stock Performance
ROST stock opened at $238.21 on Thursday. The firm has a 50 day simple moving average of $225.53 and a 200 day simple moving average of $213.32. Ross Stores, Inc. has a 52 week low of $134.37 and a 52 week high of $242.81. The stock has a market cap of $76.41 billion, a P/E ratio of 33.27, a P/E/G ratio of 2.65 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54.
Ross Stores Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is currently 24.86%.
Analyst Ratings Changes
ROST has been the topic of several recent research reports. Guggenheim restated a “buy” rating and issued a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Barclays lifted their target price on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Wells Fargo & Company downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price target for the company. in a research report on Tuesday, June 23rd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Ross Stores in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $233.18.
Read Our Latest Stock Report on ROST
Ross Stores Profile
Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.
Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.
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