2,091 Shares in Ross Stores, Inc. (NASDAQ:ROST) Purchased by Boston Family Office LLC

Boston Family Office LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,091 shares of the apparel retailer’s stock, valued at approximately $267,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Tocqueville Asset Management L.P. grew its holdings in Ross Stores by 0.5% during the first quarter. Tocqueville Asset Management L.P. now owns 32,661 shares of the apparel retailer’s stock worth $4,174,000 after purchasing an additional 160 shares during the period. Ethic Inc. grew its holdings in Ross Stores by 3.6% during the first quarter. Ethic Inc. now owns 19,710 shares of the apparel retailer’s stock worth $2,545,000 after purchasing an additional 679 shares during the period. Aberdeen Group plc grew its holdings in Ross Stores by 99.7% during the first quarter. Aberdeen Group plc now owns 232,184 shares of the apparel retailer’s stock worth $29,319,000 after purchasing an additional 115,891 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ross Stores by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,912,392 shares of the apparel retailer’s stock worth $372,134,000 after purchasing an additional 15,085 shares during the period. Finally, Horizon Investments LLC grew its holdings in Ross Stores by 3.1% during the first quarter. Horizon Investments LLC now owns 6,403 shares of the apparel retailer’s stock worth $818,000 after purchasing an additional 193 shares during the period. Institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

ROST has been the subject of a number of research analyst reports. Morgan Stanley reduced their price target on Ross Stores from $128.00 to $126.00 and set an “equal weight” rating for the company in a report on Friday, May 23rd. Evercore ISI reduced their price objective on Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 23rd. Wall Street Zen cut Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st. Barclays reduced their price objective on Ross Stores from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, May 23rd. Finally, Jefferies Financial Group upgraded Ross Stores from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $150.00 in a report on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.06.

Ross Stores Stock Down 0.3%

NASDAQ ROST opened at $146.94 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60. The company has a 50 day moving average of $135.11 and a 200-day moving average of $137.25. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 2.82 and a beta of 1.11.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.03. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the previous year, the business earned $1.46 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 10th. Ross Stores’s payout ratio is presently 25.59%.

Ross Stores Profile

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.