Ross Stores, Inc. (NASDAQ:ROST) Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,197 shares of the apparel retailer’s stock after purchasing an additional 85 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Ross Stores were worth $319,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of Ross Stores during the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Ross Stores during the 1st quarter valued at $27,000. SJS Investment Consulting Inc. increased its position in Ross Stores by 262.1% during the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Raleigh Capital Management Inc. raised its holdings in shares of Ross Stores by 41.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 74 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in shares of Ross Stores by 154.5% in the first quarter. EntryPoint Capital LLC now owns 308 shares of the apparel retailer’s stock valued at $45,000 after acquiring an additional 187 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In other Ross Stores news, Director Patricia H. Mueller sold 941 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $155.21 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.03. Ross Stores, Inc. has a 12 month low of $108.35 and a 12 month high of $163.60. The firm has a market capitalization of $51.77 billion, a PE ratio of 26.17, a P/E/G ratio of 2.17 and a beta of 1.08. The business has a 50-day moving average of $145.40 and a two-hundred day moving average of $142.33.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.09. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a net margin of 9.60% and a return on equity of 42.24%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 earnings per share. As a group, research analysts forecast that Ross Stores, Inc. will post 5.97 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $0.3675 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.95%. Ross Stores’s dividend payout ratio (DPR) is currently 24.79%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ROST. Guggenheim lifted their price objective on Ross Stores from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Barclays lifted their price target on shares of Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday. Evercore ISI upped their price objective on shares of Ross Stores from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Robert W. Baird raised their target price on shares of Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Bank of America boosted their price target on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.71.

Ross Stores Profile

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.