Bradley Foster & Sargent Inc. CT lessened its position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,276 shares of the apparel retailer’s stock after selling 2,470 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Ross Stores were worth $2,443,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Ross Stores by 7,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores in the 4th quarter valued at about $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores in the 4th quarter valued at about $31,000. City Holding Co. increased its position in shares of Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 86.86% of the company’s stock.
Ross Stores Stock Performance
ROST opened at $238.89 on Monday. Ross Stores, Inc. has a 12-month low of $134.37 and a 12-month high of $242.81. The stock has a market cap of $76.63 billion, a price-to-earnings ratio of 33.36, a PEG ratio of 2.68 and a beta of 0.87. The business has a 50 day moving average of $226.43 and a 200-day moving average of $214.04. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.
Ross Stores Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a $0.445 dividend. The ex-dividend date was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores’s dividend payout ratio is 24.86%.
Analysts Set New Price Targets
Several brokerages recently commented on ROST. UBS Group reissued a “neutral” rating on shares of Ross Stores in a research report on Wednesday, June 10th. JPMorgan Chase & Co. boosted their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a research note on Friday, May 22nd. Barclays increased their price objective on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $233.18.
Read Our Latest Stock Analysis on ROST
Ross Stores Company Profile
Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.
Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.
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