Ross Stores, Inc. (ROST) Position Boosted by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 29.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,589 shares of the apparel retailer’s stock after buying an additional 1,502 shares during the period. Stratos Wealth Partners LTD.’s holdings in Ross Stores were worth $380,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Ross Stores by 1,908.5% in the first quarter. BlackRock Inc. now owns 26,454,293 shares of the apparel retailer’s stock valued at $1,742,545,000 after buying an additional 25,137,186 shares during the last quarter. Flossbach Von Storch AG increased its position in Ross Stores by 7,335.3% in the second quarter. Flossbach Von Storch AG now owns 5,000,270 shares of the apparel retailer’s stock valued at $288,666,000 after buying an additional 4,933,020 shares during the last quarter. Vanguard Group Inc. increased its position in Ross Stores by 3.5% in the first quarter. Vanguard Group Inc. now owns 35,460,595 shares of the apparel retailer’s stock valued at $2,335,790,000 after buying an additional 1,208,861 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new position in Ross Stores during the first quarter valued at approximately $79,225,000. Finally, Marshall Wace North America L.P. acquired a new position in Ross Stores during the first quarter valued at approximately $79,225,000. 90.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ross Stores, Inc. (ROST) traded up 10.67% during trading on Friday, hitting $59.02. 14,140,321 shares of the stock were exchanged. The stock has a market cap of $22.61 billion, a P/E ratio of 19.49 and a beta of 1.10. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The firm’s 50 day moving average price is $55.18 and its 200-day moving average price is $62.10.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 43.40%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the company posted $0.71 earnings per share. Ross Stores’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts predict that Ross Stores, Inc. will post $3.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is presently 21.12%.
ROST has been the topic of several analyst reports. BidaskClub downgraded shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, July 12th. Royal Bank Of Canada set a $67.00 price target on Ross Stores and gave the company a “hold” rating in a research report on Monday, June 19th. Morgan Stanley reaffirmed an “overweight” rating and issued a $69.00 price target on shares of Ross Stores in a research report on Monday, May 22nd. Finally, BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $69.04.
In other news, Director Sharon D. Garrett sold 16,130 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $63.23, for a total transaction of $1,019,899.90. Following the completion of the sale, the director now directly owns 4,967 shares in the company, valued at $314,063.41. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.30% of the company’s stock.
About Ross Stores
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
Receive News & Stock Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related stocks with our FREE daily email newsletter.