Bradley Foster & Sargent Inc. CT lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 18.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,276 shares of the apparel retailer’s stock after selling 2,470 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Ross Stores were worth $2,443,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Ethic Inc. raised its holdings in Ross Stores by 25.6% in the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after acquiring an additional 4,847 shares in the last quarter. National Pension Service increased its position in shares of Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after purchasing an additional 754,816 shares during the period. CWM LLC increased its position in shares of Ross Stores by 61.1% in the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock worth $8,114,000 after purchasing an additional 17,090 shares during the period. Financial Planning Hawaii Inc. acquired a new position in Ross Stores in the fourth quarter valued at about $1,542,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Ross Stores in the fourth quarter valued at about $204,750,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.
Ross Stores Stock Performance
Ross Stores stock opened at $238.89 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The stock has a market cap of $76.63 billion, a PE ratio of 33.36, a P/E/G ratio of 2.68 and a beta of 0.87. Ross Stores, Inc. has a 12-month low of $134.37 and a 12-month high of $242.81. The business’s 50-day moving average price is $226.43 and its two-hundred day moving average price is $214.04.
Ross Stores Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio is currently 24.86%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on ROST shares. Truist Financial upped their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Wall Street Zen cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Telsey Advisory Group upped their price target on shares of Ross Stores from $240.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $230.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $233.18.
Get Our Latest Research Report on Ross Stores
Ross Stores Company 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.
Recommended Stories
- Five stocks we like better than Ross Stores
- RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade?
- These 4 Earnings Reports Expose the Market’s Growing Economic Divide
- Broadcom May Be the Biggest Winner From Alphabet’s Earnings
- Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit
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).
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.
