Trust Co. of Vermont Takes $463,000 Position in Ross Stores, Inc. $ROST

Trust Co. of Vermont bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 2,175 shares of the apparel retailer’s stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cooper Financial Group increased its holdings in shares of Ross Stores by 2.8% in the second 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 in the last quarter. Independent Advisor Alliance grew its position in shares of Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after buying an additional 55 shares during the period. CYBER HORNET ETFs LLC increased its stake in shares of Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock valued at $172,000 after acquiring an additional 55 shares during the last quarter. MCF Advisors LLC increased its stake in shares of Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after acquiring an additional 57 shares during the last quarter. Finally, Caxton Associates LLP raised its position in shares of Ross Stores by 4.3% in the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after acquiring an additional 58 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 0.7%

Ross Stores stock opened at $234.69 on Thursday. The company’s 50-day moving average price is $234.03 and its two-hundred day moving average price is $221.46. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. The stock has a market cap of $75.28 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.64 and a beta of 0.86. Ross Stores, Inc. has a twelve month low of $143.39 and a twelve month high of $257.00.

Ross Stores (NASDAQ:ROST) last announced its 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. Ross Stores had a net margin of 9.74% and a return on equity of 38.42%. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $5.64 billion. During the same period last year, the firm earned $1.47 earnings per share. The business’s revenue for the quarter was up 20.6% on a year-over-year basis. As a group, analysts expect that Ross Stores, Inc. will post 7.78 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 paid a $0.445 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio is presently 24.86%.

Analysts Set New Price Targets

Several analysts recently commented on ROST shares. Truist Financial raised their price objective on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. UBS Group reissued a “buy” rating on shares of Ross Stores in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on Ross Stores from $248.00 to $251.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Morgan Stanley set a $231.00 price target on Ross Stores in a research report on Wednesday, August 5th. Finally, Guggenheim reiterated a “buy” rating and set a $290.00 price objective on shares of Ross Stores in a report on Monday, April 27th. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $244.76.

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.