PYA Waltman Capital LLC Buys 34,980 Shares of Ross Stores, Inc. (NASDAQ:ROST)

PYA Waltman Capital LLC raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROSTGet Rating) by 54.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,710 shares of the apparel retailer’s stock after buying an additional 34,980 shares during the period. Ross Stores comprises about 4.4% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 7th biggest holding. PYA Waltman Capital LLC’s holdings in Ross Stores were worth $9,020,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of ROST. Norges Bank bought a new position in Ross Stores during the fourth quarter valued at approximately $399,510,000. EdgePoint Investment Group Inc. acquired a new stake in shares of Ross Stores in the 4th quarter valued at $287,967,000. JPMorgan Chase & Co. boosted its holdings in Ross Stores by 93.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,865,310 shares of the apparel retailer’s stock worth $556,007,000 after purchasing an additional 2,348,436 shares in the last quarter. Victory Capital Management Inc. increased its position in Ross Stores by 47.8% during the first quarter. Victory Capital Management Inc. now owns 4,686,990 shares of the apparel retailer’s stock worth $437,984,000 after buying an additional 1,514,790 shares during the last quarter. Finally, State Street Corp raised its holdings in Ross Stores by 5.1% during the fourth quarter. State Street Corp now owns 17,026,336 shares of the apparel retailer’s stock valued at $1,945,770,000 after buying an additional 827,119 shares in the last quarter. 87.02% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 0.6 %

ROST opened at $84.23 on Friday. The company has a market capitalization of $29.47 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.88 and a quick ratio of 1.16. The firm’s fifty day moving average price is $78.21 and its two-hundred day moving average price is $88.61. Ross Stores, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $127.34.

Ross Stores (NASDAQ:ROSTGet Rating) last issued its earnings results on Thursday, May 19th. The apparel retailer reported $0.97 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.02). Ross Stores had a net margin of 8.46% and a return on equity of 39.61%. The business had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.54 billion. During the same quarter last year, the firm posted $1.34 earnings per share. Ross Stores’s revenue was down 4.1% on a year-over-year basis. On average, analysts anticipate that Ross Stores, Inc. will post 4.4 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Tuesday, June 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Monday, June 6th. Ross Stores’s payout ratio is presently 27.62%.

Insider Activity

In other news, Director Michael J. Bush sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $81.46, for a total transaction of $81,460.00. Following the transaction, the director now directly owns 34,496 shares in the company, valued at $2,810,044.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ROST has been the topic of a number of analyst reports. Barclays lowered their price objective on Ross Stores from $119.00 to $85.00 and set an “overweight” rating on the stock in a report on Monday, May 23rd. JPMorgan Chase & Co. decreased their price objective on shares of Ross Stores from $125.00 to $119.00 in a report on Monday, May 16th. Morgan Stanley reiterated a “buy” rating and issued a $129.00 target price on shares of Ross Stores in a research note on Friday, June 3rd. Wells Fargo & Company cut their target price on shares of Ross Stores from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, May 20th. Finally, Robert W. Baird lowered their price target on Ross Stores from $115.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, May 20th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.89.

Ross Stores Company Profile

(Get Rating)

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

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