Trust Co. of Vermont Acquires Shares of 2,175 Ross Stores, Inc. $ROST

Trust Co. of Vermont acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,175 shares of the apparel retailer’s stock, valued at approximately $463,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Hilton Head Capital Partners LLC bought a new stake in Ross Stores during the fourth quarter worth $26,000. Bard Associates Inc. purchased a new stake in Ross Stores in the 4th quarter valued at $31,000. Virtus Advisers LLC bought a new position in Ross Stores during the 4th quarter valued at $32,000. Fideuram Asset Management Ireland dac bought a new position in Ross Stores during the 4th quarter valued at $38,000. Finally, Salomon & Ludwin LLC boosted its holdings in Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after acquiring an additional 105 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ROST shares. Wall Street Zen lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Morgan Stanley set a $231.00 price target on Ross Stores in a report on Wednesday, August 5th. Guggenheim reissued a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. UBS Group restated a “buy” rating on shares of Ross Stores in a research note on Tuesday. Finally, Wells Fargo & Company lowered Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 target price for the company. in a research report on Tuesday, June 23rd. Sixteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $244.76.

Ross Stores Price Performance

ROST stock opened at $234.69 on Thursday. The firm has a 50 day simple moving average of $234.03 and a two-hundred day simple moving average of $221.46. The stock has a market cap of $75.28 billion, a PE ratio of 32.78, a P/E/G ratio of 2.64 and a beta of 0.86. 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 current ratio of 1.54 and a quick ratio of 0.94.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 21st. The apparel retailer reported $2.02 EPS for the quarter, topping the consensus estimate of $1.73 by $0.29. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.64 billion. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The business’s revenue was up 20.6% compared to the same quarter last year. During the same period last year, the firm posted $1.47 earnings per share. On average, analysts predict that Ross Stores, Inc. will post 7.78 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is 24.86%.

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.