USA Financial Formulas purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,187 shares of the apparel retailer’s stock, valued at approximately $1,340,000. Ross Stores makes up 0.2% of USA Financial Formulas’ holdings, making the stock its 24th largest holding.
A number of other large investors have also made changes to their positions in the business. Cooper Financial Group lifted its holdings in shares of Ross Stores by 2.8% during the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after purchasing an additional 52 shares during the last quarter. Independent Advisor Alliance boosted its position in shares of Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC grew its stake in Ross Stores by 6.1% during the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after buying an additional 55 shares during the last quarter. MCF Advisors LLC grew its stake in Ross Stores by 4.6% during the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after buying an additional 57 shares during the last quarter. Finally, Caxton Associates LLP increased its position in Ross Stores by 4.3% during the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after buying an additional 58 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.
Ross Stores Stock Performance
Shares of ROST opened at $245.36 on Friday. The stock has a 50-day moving average of $233.68 and a two-hundred day moving average of $220.19. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The stock has a market cap of $78.71 billion, a P/E ratio of 34.27, a P/E/G ratio of 2.74 and a beta of 0.86.
Ross Stores Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.
Wall Street Analysts Forecast Growth
ROST has been the subject of a number of research analyst reports. Morgan Stanley set a $231.00 price target on Ross Stores in a research note on Wednesday, August 5th. UBS Group restated a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $257.00 price objective on shares of Ross Stores in a research report on Friday, May 22nd. Guggenheim reiterated a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a research note on Monday, April 27th. Finally, Telsey Advisory Group boosted their target price on shares of Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $240.00.
Read Our Latest Report on Ross Stores
Ross Stores Profile
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.
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