WINTON GROUP Ltd Has $1.28 Million Holdings in Ross Stores, Inc. $ROST

WINTON GROUP Ltd decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 33.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 6,000 shares of the apparel retailer’s stock after selling 2,959 shares during the period. WINTON GROUP Ltd’s holdings in Ross Stores were worth $1,277,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Woodline Partners LP lifted its holdings in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after buying an additional 117 shares in the last quarter. NewEdge Advisors LLC raised its position in Ross Stores by 35.8% during the second quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after buying an additional 2,792 shares during the period. Treasurer of the State of North Carolina boosted its position in Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares during the period. Finally, Main Street Financial Solutions LLC boosted its position in Ross Stores by 2.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after acquiring an additional 265 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

Shares of ROST stock opened at $230.74 on Monday. Ross Stores, Inc. has a 52-week low of $143.39 and a 52-week high of $257.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. The stock has a market cap of $73.71 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.94 and a beta of 0.85. The firm has a fifty day moving average of $236.14 and a 200-day moving average of $225.89.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. On average, equities research analysts forecast that Ross Stores, Inc. will post 8.15 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

Analyst Upgrades and Downgrades

ROST has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. Evercore set a $290.00 price target on shares of Ross Stores in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $294.00 price objective on shares of Ross Stores in a research report on Friday, August 21st. Wells Fargo & Company upped their price objective on shares of Ross Stores from $245.00 to $248.00 and gave the company an “equal weight” rating in a research note on Friday, August 21st. Finally, Barclays increased their target price on shares of Ross Stores from $260.00 to $298.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $263.76.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an off-price retailer that operates Ross Dress for Less and dd’s DISCOUNTS stores. The company sells a broad selection of apparel, accessories, footwear and home fashion merchandise for women, men and children, generally at prices below those of traditional department and specialty stores.

Ross Stores follows an opportunistic buying model, purchasing name-brand, designer and other merchandise from manufacturers and retailers at discounted prices. Its product assortment changes frequently and can include clothing, shoes, handbags, jewelry, beauty products, furniture, bedding, home décor and other household goods.

Founded in 1950, the company is headquartered in Dublin, California, and serves customers primarily through its store network across the United States and Guam.