Tredje AP fonden Has $20.11 Million Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Tredje AP fonden trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 12.6% during the first quarter, HoldingsChannel reports. The firm owned 157,340 shares of the apparel retailer’s stock after selling 22,660 shares during the quarter. Tredje AP fonden’s holdings in Ross Stores were worth $20,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its holdings in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after buying an additional 73 shares during the period. Tradewinds Capital Management LLC boosted its holdings in shares of Ross Stores by 36.6% in the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 75 shares during the period. Putney Financial Group LLC bought a new stake in shares of Ross Stores during the fourth quarter worth $44,000. Cary Street Partners Financial LLC acquired a new stake in shares of Ross Stores during the fourth quarter worth $48,000. Finally, Banque Cantonale Vaudoise bought a new stake in Ross Stores in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of ROST opened at $139.56 on Wednesday. The company has a market cap of $45.65 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.69 and a beta of 1.11. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $134.76 and its 200 day simple moving average is $137.70. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the business earned $1.46 EPS. Ross Stores’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 annualized dividend and a yield of 1.16%. Ross Stores’s dividend payout ratio is 25.59%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROST. Loop Capital lowered their target price on Ross Stores from $175.00 to $170.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Barclays decreased 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. Jefferies Financial Group raised Ross Stores from a “hold” rating to a “buy” rating and lifted their target price for the company from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $150.00 price target on shares of Ross Stores in a research report on Friday, May 23rd. Finally, Evercore ISI lowered their price objective on shares of Ross Stores from $170.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.06.

Ross Stores Company 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.