Stonehage Fleming Financial Services Holdings Ltd Takes Position in Ross Stores, Inc. $ROST

Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, Holdings Channel.com reports. The fund bought 3,566 shares of the apparel retailer’s stock, valued at approximately $759,000.

A number of other large investors also recently modified their holdings of the company. Cooper Financial Group grew its position in Ross Stores by 2.8% in the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after purchasing an additional 52 shares during the period. Independent Advisor Alliance increased its stake in Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock valued at $596,000 after purchasing an additional 55 shares in the last quarter. CYBER HORNET ETFs LLC raised its holdings in Ross Stores by 6.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after buying an additional 55 shares during the last quarter. MCF Advisors LLC raised its holdings in Ross Stores by 4.6% during the fourth quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after buying an additional 57 shares during the last quarter. Finally, Caxton Associates LLP lifted its stake in shares of Ross Stores by 4.3% in the first quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after buying an additional 58 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Performance

NASDAQ ROST opened at $229.87 on Friday. Ross Stores, Inc. has a 1 year low of $143.39 and a 1 year high of $257.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.98. The firm has a market cap of $73.74 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.98 and a beta of 0.86. The company has a fifty day moving average price of $234.04 and a 200-day moving average price of $223.42.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, beating the consensus estimate of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts predict that Ross Stores, Inc. will post 8.15 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is 21.55%.

Analyst Ratings Changes

ROST has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Ross Stores from $262.00 to $272.00 and gave the stock an “overweight” rating in a research report on Friday, August 21st. UBS Group raised their price target on shares of Ross Stores from $232.00 to $239.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $294.00 price target on shares of Ross Stores in a research note on Friday, August 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Finally, Evercore set a $290.00 price objective on Ross Stores in a research note on Friday, August 21st. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $263.76.

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.