Jupiter Topco LLC Invests $7.60 Million in Ross Stores, Inc. $ROST

Jupiter Topco LLC bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 35,741 shares of the apparel retailer’s stock, valued at approximately $7,604,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new stake in Ross Stores in the 4th quarter valued at about $26,000. Bard Associates Inc. acquired a new position in shares of Ross Stores during the fourth quarter worth approximately $31,000. Virtus Advisers LLC acquired a new position in shares of Ross Stores during the fourth quarter worth approximately $32,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $38,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Ross Stores during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of ROST stock opened at $228.55 on Monday. The firm’s 50 day moving average price is $233.95 and its two-hundred day moving average price is $223.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The stock has a market cap of $73.31 billion, a PE ratio of 27.67, a PEG ratio of 1.92 and a beta of 0.86.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. The company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. As a group, analysts forecast that Ross Stores, Inc. will post 8.15 EPS for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio is currently 21.55%.

Wall Street Analysts Forecast Growth

ROST has been the subject of several research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Robert W. Baird increased their price objective on Ross Stores from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Zacks Research lowered Ross Stores from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their target price on Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $294.00 price target on shares of Ross Stores in a research note on Friday, August 21st. Fifteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.76.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.