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Aaron Wealth Advisors LLC bought a new stake of Ross Stores, Inc.NASDAQ:ROST – Get RatingAccording to its most recent Form 13F filing with Securities and Exchange Commission, the firm acquired 52,014 shares of apparel retailer’s stock in the first quarter. The firm acquired 52,014 shares of the apparel retailer’s stock, valued at approximately $575,000.
A number of large investors also recently modified their ROST holdings. Norges Bank bought a new position at Ross Stores in the fourth quarter for $399,510,000. EdgePoint Investment Group Inc. acquired a new stake in Ross Stores stock in the 4th quarter, worth approximately $287.967,000. JPMorgan Chase & Co. grew their position in Ross Stores shares by 93.3% over the fourth quarter. JPMorgan Chase & Co. now owns 4,865,310 shares of the apparel retailer’s stock worth $556,007,000 after buying an additional 2,348,436 shares during the last quarter. Victory Capital Management Inc. increased its share of Ross Stores shares by 47.8% during the first quarter. Victory Capital Management Inc. now owns 4,686,990 shares of the apparel retailer’s stock worth $437,984,000 after buying an additional 1,514,790 shares during the last quarter. State Street Corp’s position in Ross Stores shares grew by 5.1% in its fourth quarter. State Street Corp now owns 17,026,336 shares of the apparel retailer’s stock worth $1,945,770,000 after buying an additional 827,119 shares during the last quarter. Hedge funds and institutional investors own 87.02% of the stock.
Ross Stores Stocks down 1.1 %
Shares of NASDAQ ROSTOn Monday, the stock opened at $91.01. The company has a current ratio 1.88, a quick rate 1.16, and a debt to equity ratio 0.61. The stock has a market capitalization of $31.85 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.03. The stock’s fifty day simple moving average is $79.66 and its two-hundred day simple moving average is $87.98. Ross Stores, Inc. had a 12-month low at $69.24 and a high of $125.72.
Ross Stores (NASDAQ:ROST – Get Rating) last posted its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.08. The firm had revenue of $4.58 billion during the quarter, compared to analysts’ expectations of $4.62 billion. Ross Stores achieved a return of equity of 36.57%, and a net profit of 7.97%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. The firm earned $1.39 earnings per share during the same quarter in 2013. Analysts predict that Ross Stores, Inc., will post 4 EPS during the current fiscal.
Ross Stores Announces Dividend
The company also announced a quarterly payout on Friday, September 30,th. Investors who are registered by Tuesday, September 6, will receive a $0.31 Dividend. This dividend will be paid on Friday, September 2nd at 1:00 p.m. This yields 1.36% and represents $1.24 annually. Ross Stores’s dividend payout ratio (DPR) is 29.45%.
Insider Selling and Buying
Ross Stores News, Director Michael J. BushIn a transaction dated Wednesday June 8th, Ross Stores stock was purchased for 1,000 shares. The stock was sold at $81.46, an average price, for an $81,460.00 total transaction. The director now owns 34 496 shares of the company, which is valued at around $2,810 044.16. The Securities & Exchange Commission has filed a document revealing the transaction. This document can be accessed through this link. Company insiders currently hold 1.90% of the stock.
Upgrades and downgrades for Analysts
ROST has been the subject of several analyst reports in recent months. Telsey Advisory Group lowered Ross Stores to an “outperform”Rating to a “market perform”In a Friday research report, Citigroup reduced their price objective on Ross Stores from $125.00 to $100.00 and rated the stock at $145.00 to $80.00. Citigroup reduced their price objective for Ross Stores to $125.00 to $100.00, and set a “buy”In a research report, Friday, May 20th, Deutsche Bank Aktiengesellschaft gave the stock a rating. Deutsche Bank Aktiengesellschaft increased their price objective on Ross Stores to $122.00 from $123.00 in research reports on Monday, May 16. In a research report, Evercore ISI placed a $70.00 price target on Ross Stores. In a research report, JPMorgan Chase & Co. reduced their price target for Ross Stores from $125.00 – $119.00 in a Monday, May 16th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. MarketBeat data shows that the company currently has an average rating at a rating of “Moderate Buy”An average target price of $101.89.
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Ross Stores Profile
Ross Stores, Inc, and its subsidiaries, operate off the price retail apparel and home fashion stores under both the Ross Dress for Less & dd’s DISCOUNTS brands. Its stores offer apparel, accessories as well footwear and home fashions. Ross Dress for Less stores are primarily sold at specialty and department stores, primarily to middle-income households. dd’s DISCOUNTS stores sell their products at discount and department stores for households with moderate income.
Further Reading
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