Atria Wealth Solutions Inc. Buys 584 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Atria Wealth Solutions Inc. raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 14.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,753 shares of the apparel retailer’s stock after purchasing an additional 584 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ross Stores were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ROST. Golden State Wealth Management LLC raised its position in shares of Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after buying an additional 73 shares in the last quarter. Bayforest Capital Ltd raised its position in shares of Ross Stores by 372.5% during the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 190 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 75 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of Ross Stores during the 4th quarter valued at about $44,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Ross Stores during the 4th quarter valued at about $48,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $150.28 on Thursday. The firm has a market cap of $49.15 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.84 and a beta of 1.11. The firm’s 50 day simple moving average is $134.95 and its 200-day simple moving average is $137.34. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 1.55.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share. As a group, equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a dividend of $0.405 per share. The ex-dividend date was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. Ross Stores’s dividend payout ratio (DPR) is currently 25.59%.

Wall Street Analysts Forecast Growth

ROST has been the topic of several recent research reports. Jefferies Financial Group upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Wall Street Zen cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Loop Capital reduced their price objective on shares of Ross Stores from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company reduced their price objective on shares of Ross Stores from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $150.00 price objective on shares of Ross Stores in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $159.06.

About Ross Stores

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.