Ross Stores, Inc. $ROST Shares Sold by 1832 Asset Management L.P.

1832 Asset Management L.P. decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 41.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,103,055 shares of the apparel retailer’s stock after selling 795,933 shares during the quarter. 1832 Asset Management L.P.’s holdings in Ross Stores were worth $140,959,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ROST. Golden State Wealth Management LLC grew its position 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 valued at $28,000 after acquiring an additional 73 shares in the last quarter. Bayforest Capital Ltd grew its position in Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 75 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Ross Stores during the 4th quarter valued at approximately $44,000. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Ross Stores during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $145.62 on Friday. The business’s fifty day moving average price is $135.79 and its 200 day moving average price is $137.24. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60. The stock has a market capitalization of $47.63 billion, a PE ratio of 23.00, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. 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 posted its earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. The company had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%.The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the business posted $1.59 earnings per share. Equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, September 9th. Ross Stores’s dividend payout ratio (DPR) is presently 25.59%.

Analysts Set New Price Targets

Several research firms have recently commented on ROST. Evercore ISI reduced their target price 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. Telsey Advisory Group reiterated a “market perform” rating and set a $150.00 target price on shares of Ross Stores in a research note on Monday. Morgan Stanley reduced their target price on Ross Stores from $128.00 to $126.00 and set an “equal weight” rating for the company in a research note on Friday, May 23rd. JPMorgan Chase & Co. increased their target price on Ross Stores from $154.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Finally, Loop Capital reduced their target price on Ross Stores from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price of $160.00.

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.