State of Wyoming bought a new position in Ross Stores, Inc. (NASDAQ:ROST – Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,679 shares of the apparel retailer’s stock, valued at approximately $783,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in ROST. Hilton Head Capital Partners LLC bought a new stake in shares of Ross Stores in the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new position in Ross Stores during the 4th quarter worth about $31,000. Virtus Advisers LLC bought a new position in Ross Stores during the 4th quarter worth about $32,000. Fideuram Asset Management Ireland dac purchased a new position in Ross Stores during the 4th quarter valued at about $38,000. Finally, Salomon & Ludwin LLC increased its position in Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock valued at $42,000 after purchasing an additional 105 shares during the period. Institutional investors own 86.86% of the company’s stock.
Ross Stores Stock Performance
Shares of Ross Stores stock opened at $245.36 on Monday. The company has a market capitalization of $78.71 billion, a PE ratio of 34.27, a P/E/G ratio of 2.74 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company has a 50-day simple moving average of $233.68 and a two-hundred day simple moving average of $220.42. Ross Stores, Inc. has a one year low of $143.39 and a one year high of $257.00.
Ross Stores Announces Dividend
The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. Ross Stores’s dividend payout ratio is presently 24.86%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on ROST shares. Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 20th. Wells Fargo & Company downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $245.00 price objective for the company. in a research note on Tuesday, June 23rd. Truist Financial boosted their price objective on shares of Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Finally, Zacks Research lowered Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.00.
Check Out Our Latest Analysis on Ross Stores
Ross Stores Company 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.
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