Commerzbank Aktiengesellschaft FI Takes $206,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Commerzbank Aktiengesellschaft FI acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,417 shares of the apparel retailer’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of ROST. SVB Wealth LLC increased its position in shares of Ross Stores by 51.0% during the fourth quarter. SVB Wealth LLC now owns 3,469 shares of the apparel retailer’s stock worth $480,000 after acquiring an additional 1,172 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ross Stores by 6.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,450 shares of the apparel retailer’s stock valued at $8,227,000 after purchasing an additional 3,789 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Ross Stores by 160.7% in the 4th quarter. Federated Hermes Inc. now owns 164,876 shares of the apparel retailer’s stock valued at $22,817,000 after buying an additional 101,628 shares during the period. Greenleaf Trust grew its position in shares of Ross Stores by 1.6% during the fourth quarter. Greenleaf Trust now owns 5,133 shares of the apparel retailer’s stock worth $710,000 after buying an additional 80 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Ross Stores during the fourth quarter worth approximately $1,175,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST traded up $6.25 during mid-day trading on Wednesday, hitting $153.95. 3,166,750 shares of the company’s stock were exchanged, compared to its average volume of 2,217,591. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. Ross Stores, Inc. has a fifty-two week low of $108.35 and a fifty-two week high of $157.85. The business’s 50 day moving average is $144.88 and its two-hundred day moving average is $142.09. The firm has a market capitalization of $51.35 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.48 and a beta of 1.08.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts expect that Ross Stores, Inc. will post 5.97 earnings per share for the current year.

Insider Transactions at Ross Stores

In other Ross Stores news, Director Patricia H. Mueller sold 941 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $138.37, for a total transaction of $130,206.17. Following the transaction, the director now owns 973 shares in the company, valued at approximately $134,634.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROST shares. UBS Group lifted their price target on shares of Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Guggenheim raised their price target on Ross Stores from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $160.00 price target on shares of Ross Stores in a report on Friday, August 16th. Finally, TD Cowen dropped their price objective on Ross Stores from $176.00 to $173.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Three 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 a consensus rating of “Moderate Buy” and a consensus target price of $161.13.

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.