MASTERINVEST Kapitalanlage GmbH decreased its position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 26.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,220 shares of the apparel retailer’s stock after selling 3,305 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Ross Stores were worth $1,997,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Ethic Inc. increased its position in Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock worth $4,282,000 after buying an additional 4,847 shares during the period. CWM LLC grew its stake in shares of Ross Stores by 61.1% in the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock valued at $8,114,000 after acquiring an additional 17,090 shares in the last quarter. Financial Planning Hawaii Inc. bought a new position in Ross Stores during the fourth quarter worth about $1,542,000. National Pension Service raised its stake in Ross Stores by 138.4% in the 4th quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock worth $234,192,000 after purchasing an additional 754,816 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in Ross Stores by 744.8% in the 4th quarter. Jefferies Financial Group Inc. now owns 211,676 shares of the apparel retailer’s stock valued at $38,131,000 after purchasing an additional 186,619 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.
Ross Stores Price Performance
Shares of ROST stock opened at $220.93 on Wednesday. The business has a fifty day simple moving average of $223.95 and a 200 day simple moving average of $211.08. The company has a market cap of $70.87 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.46 and a beta of 0.87. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a twelve month low of $126.32 and a twelve month high of $242.81.
Ross Stores Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Tuesday, June 9th. Ross Stores’s dividend payout ratio is currently 24.86%.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on ROST. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 22nd. UBS Group reissued a “neutral” rating on shares of Ross Stores in a report on Wednesday, June 10th. Finally, Citigroup boosted their price target on Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $233.18.
Read Our Latest Report on ROST
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.
Recommended Stories
- Five stocks we like better than Ross Stores
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST – Free Report).
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.
