Vontobel Holding Ltd. Has $6.06 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Vontobel Holding Ltd. lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,383 shares of the apparel retailer’s stock after buying an additional 1,365 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ross Stores were worth $6,055,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Alta Advisers Ltd acquired a new stake in shares of Ross Stores during the first quarter worth $229,000. Tradewinds Capital Management LLC increased its position in shares of Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after buying an additional 75 shares during the period. Amalgamated Bank increased its position in shares of Ross Stores by 1.2% during the first quarter. Amalgamated Bank now owns 65,612 shares of the apparel retailer’s stock worth $8,385,000 after buying an additional 748 shares during the period. Golden State Wealth Management LLC increased its position in shares of Ross Stores by 50.7% during the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after buying an additional 73 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ross Stores by 9.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 125,498 shares of the apparel retailer’s stock worth $16,037,000 after buying an additional 10,764 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Up 1.2%

Shares of NASDAQ ROST opened at $131.52 on Thursday. The stock has a market capitalization of $43.02 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.49 and a beta of 1.11. The company has a 50-day moving average price of $139.24 and a 200-day moving average price of $140.22. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.03. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.94 billion. During the same period last year, the company earned $1.46 earnings per share. The business’s revenue was up 2.6% on a year-over-year basis. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, June 10th. Ross Stores’s payout ratio is currently 25.59%.

Wall Street Analyst Weigh In

A number of research firms have commented on ROST. Morgan Stanley reduced their price target on shares of Ross Stores from $128.00 to $126.00 and set an “equal weight” rating for the company in a report on Friday, May 23rd. Wells Fargo & Company reduced their price target on shares of Ross Stores from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. BMO Capital Markets reduced their price target on shares of Ross Stores from $168.00 to $156.00 and set an “outperform” rating for the company in a report on Wednesday, March 5th. UBS Group reduced their price target on shares of Ross Stores from $168.00 to $163.00 and set a “neutral” rating for the company in a report on Wednesday, March 5th. Finally, Loop Capital reduced their price target on shares of Ross Stores from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.94.

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.