Ross Stores, Inc. (NASDAQ:ROST) Position Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,077 shares of the apparel retailer’s stock after buying an additional 535 shares during the period. Janney Montgomery Scott LLC’s holdings in Ross Stores were worth $5,442,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. American International Group Inc. lifted its position in shares of Ross Stores by 2.4% during the 4th quarter. American International Group Inc. now owns 124,424 shares of the apparel retailer’s stock worth $17,219,000 after purchasing an additional 2,969 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Ross Stores by 93.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 14,593 shares of the apparel retailer’s stock worth $2,019,000 after acquiring an additional 7,033 shares in the last quarter. HTLF Bank acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $1,094,000. Raymond James & Associates boosted its holdings in shares of Ross Stores by 5.7% in the 4th quarter. Raymond James & Associates now owns 302,277 shares of the apparel retailer’s stock worth $41,832,000 after acquiring an additional 16,167 shares in the last quarter. Finally, Commerce Bank boosted its holdings in shares of Ross Stores by 232.6% in the 4th quarter. Commerce Bank now owns 32,182 shares of the apparel retailer’s stock worth $4,454,000 after acquiring an additional 22,506 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ROST. TD Cowen boosted their target price on Ross Stores from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Telsey Advisory Group reissued a “market perform” rating and issued a $160.00 target price on shares of Ross Stores in a report on Friday, June 14th. StockNews.com downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Monday, June 24th. Guggenheim upped their price objective on Ross Stores from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, Barclays upped their price objective on Ross Stores from $163.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus target price of $159.06.

Check Out Our Latest Analysis on Ross Stores

Ross Stores Price Performance

ROST stock opened at $148.03 on Thursday. The stock has a 50-day moving average price of $140.90 and a two-hundred day moving average price of $140.98. The stock has a market cap of $49.38 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.08. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. Ross Stores, Inc. has a 1 year low of $108.35 and a 1 year high of $151.12.

Ross Stores (NASDAQ:ROSTGet Free Report) last released its earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.11. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.83 billion. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS. Equities analysts forecast that Ross Stores, Inc. will post 5.97 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, June 11th. Ross Stores’s payout ratio is 24.79%.

Insider Activity

In other news, Director Patricia H. Mueller sold 941 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $138.37, for a total value of $130,206.17. Following the completion of the transaction, the director now owns 973 shares in the company, valued at approximately $134,634.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Ross Stores Profile

(Free Report)

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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