Cullen Frost Bankers Inc. Has $1.02 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Cullen Frost Bankers Inc. cut its position in Ross Stores, Inc. (NASDAQ:ROST) by 35.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,013 shares of the apparel retailer’s stock after selling 4,315 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Ross Stores were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its holdings in Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Tradewinds Capital Management LLC increased its position in Ross Stores by 36.6% in 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 last quarter. Putney Financial Group LLC purchased a new stake in Ross Stores in the fourth quarter worth $44,000. Cary Street Partners Financial LLC bought a new stake in shares of Ross Stores during the 4th quarter valued at $48,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Ross Stores during the 4th quarter valued at $53,000. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROST. Barclays dropped their price target on Ross Stores from $157.00 to $156.00 and set an “overweight” rating for the company in a research note on Friday, May 23rd. Wells Fargo & Company cut their target price on Ross Stores from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, May 23rd. Citigroup raised Ross Stores from a “neutral” rating to a “buy” rating and set a $146.00 price target on the stock in a report on Thursday, April 3rd. Jefferies Financial Group raised Ross Stores from a “hold” rating to a “buy” rating and raised their target price for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Finally, Evercore ISI cut their price target on Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.94.

Ross Stores Stock Up 1.1%

Shares of NASDAQ:ROST opened at $130.48 on Friday. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $137.02 and its 200 day moving average is $138.72. The stock has a market cap of $42.68 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.47 and a beta of 1.11.

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

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.24%. Ross Stores’s payout ratio is 25.59%.

Ross Stores Company 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.