Farr Miller & Washington LLC DC Boosts Position in Ross Stores, Inc. (ROST)
Farr Miller & Washington LLC DC boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 285,059 shares of the apparel retailer’s stock after acquiring an additional 2,211 shares during the quarter. Farr Miller & Washington LLC DC owned 0.07% of Ross Stores worth $16,456,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of ROST. Canada Pension Plan Investment Board increased its position in Ross Stores by 99.9% during the first quarter. Canada Pension Plan Investment Board now owns 214,878 shares of the apparel retailer’s stock valued at $14,154,000 after acquiring an additional 107,374 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Ross Stores during the first quarter valued at $171,000. Chicago Equity Partners LLC increased its position in Ross Stores by 5.7% during the first quarter. Chicago Equity Partners LLC now owns 251,905 shares of the apparel retailer’s stock valued at $16,593,000 after acquiring an additional 13,560 shares during the last quarter. Cypress Capital Management LLC increased its position in Ross Stores by 6.1% during the first quarter. Cypress Capital Management LLC now owns 9,960 shares of the apparel retailer’s stock valued at $656,000 after acquiring an additional 570 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Ross Stores by 20.3% during the first quarter. American Century Companies Inc. now owns 3,518,907 shares of the apparel retailer’s stock valued at $231,790,000 after acquiring an additional 594,419 shares during the last quarter. Institutional investors own 89.61% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ ROST) traded up 0.80% during midday trading on Monday, hitting $58.92. The stock had a trading volume of 2,751,772 shares. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of 19.46 and a beta of 1.09. 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 $55.99 and its 200 day moving average price is $61.52.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts expect that Ross Stores, Inc. will post $3.23 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is 21.12%.
A number of analysts have commented on ROST shares. Instinet restated a “buy” rating and issued a $74.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub cut Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Morgan Stanley restated an “overweight” rating and issued a $69.00 price target on shares of Ross Stores in a research report on Monday, May 22nd. Finally, Credit Suisse Group restated a “neutral” rating and issued a $64.00 price target (down previously from $70.00) on shares of Ross Stores in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. Ross Stores presently has a consensus rating of “Buy” and an average price target of $69.61.
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Ross Stores Profile
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.
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