1 week Ago By ABMN Staff
Anchor Capital Advisors LLC reduced its stake in Ross Stores, Inc. ( NASDAQ:ROST – Free Report ) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 11,654 shares of the apparel retailer’s stock after selling 620 shares during the period. Anchor Capital Advisors LLC’s holdings in Ross Stores were worth $1,694,000 at the end of the most recent reporting period. Other hedge funds have also modified their holdings of the company.
EverSource Wealth Advisors LLC lifted its holdings in Ross Stores by 9.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the apparel retailer’s stock worth $123,000 after buying an additional 73 shares during the last quarter.
Raleigh Capital Management Inc. increased its position in Ross Stores by 41.8% during the fourth quarter.
Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock worth $35,000 after buying an additional 74 shares during the period. Quotient Wealth Partners LLC increased its position in Ross Stores by 4.
0% during the second quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after buying an additional 85 shares during the period. Checchi Capital Advisers LLC increased its position in Ross Stores by 2.
4% during the second quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after buying an additional 86 shares during the period. Finally, Kintegral Advisory LLC increased its position in Ross Stores by 3.
0% during the second quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock worth $428,000 after buying an additional 87 shares during the period. 86.
86% of the stock is currently owned by institutional investors and hedge funds. Ross Stores Stock Down 1.7 % Ross Stores stock opened at $150.
53 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.
56 and a quick ratio of 1.05. Ross Stores, Inc.
has a 1-year low of $108.35 and a 1-year high of $163.60.
The company has a market cap of $50.21 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 2.
45 and a beta of 1.09. The stock’s 50 day moving average price is $146.
10 and its 200 day moving average price is $142.81. Ross Stores Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th.
Shareholders of record on Tuesday, September 10th will be given a dividend of $0.3675 per share. The ex-dividend date of this dividend is Tuesday, September 10th.
This represents a $1.47 dividend on an annualized basis and a yield of 0.98%.
Ross Stores’s payout ratio is 24.79%. Wall Street Analyst Weigh In Several research firms have commented on ROST.
Barclays lifted their price target on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd.
Robert W. Baird lifted their target price on Ross Stores from $162.00 to $180.
00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Guggenheim lifted their target price on Ross Stores from $165.00 to $170.
00 and gave the company a “buy” rating in a research note on Friday, May 24th. Evercore ISI lifted their target price on Ross Stores from $155.00 to $165.
00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Finally, Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock.
Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.71.
Read Our Latest Stock Report on ROST Insiders Place Their Bets In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.
05. Following the sale, the chief executive officer now directly owns 311,853 shares in the company, valued at $48,003,532.29.
The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 2.10% of the stock is owned by company insiders.
Ross Stores Profile ( Free Report ) Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.
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