Raymond James Trust N.A. Increases Position in Ross Stores, Inc. (NASDAQ:ROST)
Raymond James Trust N.A. raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,266 shares of the apparel retailer’s stock after buying an additional 1,073 shares during the period. Raymond James Trust N.A.’s holdings in Ross Stores were worth $2,009,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Accident Compensation Corp purchased a new position in shares of Ross Stores during the first quarter valued at approximately $205,000. Trellis Advisors LLC purchased a new position in shares of Ross Stores during the first quarter valued at approximately $218,000. Cetera Advisor Networks LLC boosted its position in shares of Ross Stores by 440.8% during the fourth quarter. Cetera Advisor Networks LLC now owns 13,027 shares of the apparel retailer’s stock valued at $1,083,000 after buying an additional 10,618 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Ross Stores by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 180,979 shares of the apparel retailer’s stock valued at $16,848,000 after buying an additional 2,324 shares during the period. Finally, Legacy Advisors LLC purchased a new position in shares of Ross Stores during the first quarter valued at approximately $67,000. Institutional investors and hedge funds own 89.62% of the company’s stock.
ROST has been the subject of several recent analyst reports. Guggenheim restated a “buy” rating and set a $60.00 target price on shares of Foot Locker in a research report on Friday, May 24th. Telsey Advisory Group lowered Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 target price for the company. in a research report on Monday, June 24th. Goldman Sachs Group upgraded to a “neutral” rating and dropped their target price for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Thursday, June 27th. Robert W. Baird started coverage on shares of TJX Companies in a research note on Monday, May 13th. They set an “outperform” rating and a $63.00 price target for the company. Finally, BidaskClub downgraded shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $98.64.
Ross Stores stock opened at $106.83 on Friday. The company’s 50 day moving average is $102.67. The company has a quick ratio of 0.64, a current ratio of 1.34 and a debt-to-equity ratio of 0.87. Ross Stores, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $108.20. The company has a market capitalization of $38.48 billion, a P/E ratio of 25.08, a PEG ratio of 2.25 and a beta of 0.90.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.79 billion. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. As a group, research analysts expect that Ross Stores, Inc. will post 4.51 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Monday, June 10th. Ross Stores’s dividend payout ratio (DPR) is 23.94%.
About Ross Stores
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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.