Parametrica Management Ltd acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST – Get Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,801 shares of the apparel retailer's stock, valued at approximately $339,000.
Several other hedge funds also recently bought and sold shares of ROST. Oliver Lagore Vanvalin Investment Group purchased a new position in Ross Stores during the first quarter valued at approximately $28,000. Riverview Trust Co purchased a new position in Ross Stores during the first quarter valued at approximately $31,000. CVA Family Office LLC grew its stake in Ross Stores by 1,466.7% during the second quarter. CVA Family Office LLC now owns 470 shares of the apparel retailer's stock valued at $33,000 after acquiring an additional 440 shares in the last quarter. Allworth Financial LP grew its stake in Ross Stores by 38.1% during the second quarter. Allworth Financial LP now owns 616 shares of the apparel retailer's stock valued at $43,000 after acquiring an additional 170 shares in the last quarter. Finally, Okabena Investment Services Inc. purchased a new position in Ross Stores during the fourth quarter valued at approximately $59,000. Hedge funds and other institutional investors own 87.65% of the company's stock.
Get Ross Stores alerts:Ross Stores Stock Up 0.3 %
Shares of NASDAQ ROST opened at $84.27 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.92 and a debt-to-equity ratio of 0.59. Ross Stores, Inc. has a 52 week low of $69.24 and a 52 week high of $123.36. The firm's fifty day moving average is $87.16 and its 200 day moving average is $87.27. The company has a market cap of $29.25 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 2.10 and a beta of 1.00.
Ross Stores (NASDAQ:ROST – Get Rating) last issued its earnings results on Thursday, August 18th. The apparel retailer reported $1.11 EPS for the quarter, topping the consensus estimate of $0.98 by $0.13. Ross Stores had a net margin of 7.97% and a return on equity of 36.36%. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.62 billion. During the same period in the previous year, the firm earned $1.39 earnings per share. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities research analysts expect that Ross Stores, Inc. will post 3.99 earnings per share for the current year.Ross Stores Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 6th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, September 2nd. Ross Stores's payout ratio is currently 29.45%.
Analyst Ratings Changes
ROST has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on shares of Ross Stores in a research report on Tuesday, August 2nd. They set a "buy" rating and a $102.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Ross Stores in a research report on Friday, August 19th. Loop Capital lifted their target price on shares of Ross Stores from $80.00 to $85.00 in a research report on Friday, August 19th. Barclays lifted their target price on shares of Ross Stores from $85.00 to $98.00 and gave the company an "overweight" rating in a research report on Monday, August 22nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $98.00 to $112.00 in a research report on Friday, September 16th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ross Stores has an average rating of "Moderate Buy" and a consensus target price of $102.22.
About Ross Stores
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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. 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 primarily 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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