Pittenger & Anderson Inc. lifted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 151.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,440 shares of the apparel retailer’s stock after purchasing an additional 3,875 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Ross Stores were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Ethic Inc. boosted its stake in Ross Stores by 25.6% during the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after purchasing an additional 4,847 shares during the period. CWM LLC increased 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 purchasing an additional 17,090 shares during the period. Financial Planning Hawaii Inc. acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $1,542,000. National Pension Service raised its holdings in shares of Ross Stores by 138.4% during the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after buying an additional 754,816 shares during the last quarter. Finally, NewEdge Wealth LLC raised its holdings in shares of Ross Stores by 99.5% during the fourth quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock valued at $2,656,000 after buying an additional 7,353 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.
Ross Stores Price Performance
NASDAQ ROST opened at $222.88 on Monday. Ross Stores, Inc. has a 12 month low of $126.32 and a 12 month high of $242.81. The firm has a market capitalization of $71.50 billion, a PE ratio of 31.13, a P/E/G ratio of 2.50 and a beta of 0.87. The company’s 50 day simple moving average is $224.25 and its 200 day simple moving average is $210.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.54 and a quick ratio of 0.94.
Ross Stores Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were paid a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 24.86%.
Analyst Upgrades and Downgrades
ROST has been the subject of a number of recent analyst reports. Truist Financial increased their price objective on Ross Stores from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $270.00 target price on shares of Ross Stores in a research note on Friday, May 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price target on shares of Ross Stores in a report on Friday, May 22nd. Finally, Citigroup lifted their price objective on shares of Ross Stores from $261.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $233.18.
Get Our Latest Stock Analysis 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.
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