Liberty Wealth Management LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, Holdings Channel reports. The firm purchased 22,320 shares of the apparel retailer’s stock, valued at approximately $180,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Analysts LLC acquired a new stake in shares of Ross Stores during the 1st quarter worth $35,000. Ameritas Investment Company LLC acquired a new stake in Ross Stores during the first quarter worth about $45,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Ross Stores in the 2nd quarter valued at about $71,000. Exchange Traded Concepts LLC raised its position in shares of Ross Stores by 62.2% in the 2nd quarter. Exchange Traded Concepts LLC now owns 626 shares of the apparel retailer’s stock valued at $78,000 after buying an additional 240 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of Ross Stores by 45.9% during the 2nd quarter. CX Institutional now owns 788 shares of the apparel retailer’s stock worth $98,000 after acquiring an additional 248 shares during the period. 84.06% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ ROST opened at $106.64 on Thursday. The firm has a 50 day moving average price of $116.41 and a two-hundred day moving average price of $121.35. The stock has a market cap of $37.90 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.02. Ross Stores, Inc. has a 52-week low of $84.68 and a 52-week high of $134.21. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.37 and a current ratio of 1.77.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Tuesday, September 7th were given a $0.285 dividend. The ex-dividend date of this dividend was Friday, September 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.07%. Ross Stores’s dividend payout ratio (DPR) is presently 97.44%.
ROST has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on shares of Ross Stores from $140.00 to $148.00 and gave the company an “outperform” rating in a research report on Friday, August 20th. Credit Suisse Group upped their price objective on Ross Stores from $142.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, August 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on Ross Stores from $145.00 to $142.00 and set a “buy” rating on the stock in a research note on Friday, August 20th. Cowen lowered their target price on Ross Stores from $147.00 to $144.00 and set an “outperform” rating for the company in a research note on Friday, August 20th. Finally, William Blair restated an “outperform” rating on shares of Ross Stores in a research note on Wednesday, August 25th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $138.50.
About Ross Stores
Ross Stores, Inc engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.
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