MASTERINVEST Kapitalanlage GmbH Purchases New Shares in Ross Stores, Inc. $ROST

MASTERINVEST Kapitalanlage GmbH purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 9,220 shares of the apparel retailer’s stock, valued at approximately $1,962,000.

Other institutional investors have also added to or reduced their stakes in the company. Cooper Financial Group lifted its position in Ross Stores by 2.8% during the second quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after buying an additional 52 shares during the period. Independent Advisor Alliance grew its position in shares of Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after buying an additional 55 shares during the period. CYBER HORNET ETFs LLC increased its stake in shares of Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock worth $172,000 after acquiring an additional 55 shares in the last quarter. MCF Advisors LLC increased its stake in shares of Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock worth $233,000 after acquiring an additional 57 shares in the last quarter. Finally, Caxton Associates LLP lifted its position in Ross Stores by 4.3% during the 1st quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock valued at $308,000 after acquiring an additional 58 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 2.7%

Shares of Ross Stores stock opened at $229.87 on Friday. The company’s fifty day simple moving average is $234.04 and its 200-day simple moving average is $223.42. The stock has a market capitalization of $73.74 billion, a PE ratio of 27.83, a P/E/G ratio of 1.98 and a beta of 0.86. 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.

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

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio is presently 21.55%.

Analyst Ratings Changes

ROST has been the topic of several recent research reports. Sanford C. Bernstein upped their price target on Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a research note on Friday, August 21st. Truist Financial raised their price target on shares of Ross Stores from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 21st. UBS Group increased their target price on Ross Stores from $232.00 to $239.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a report on Monday, July 6th. Finally, Zacks Research downgraded shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 4th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average 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.