Bull Harbor Capital LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,203 shares of the apparel retailer’s stock, valued at approximately $694,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ethic Inc. grew its stake in shares of Ross Stores by 25.6% in the 4th quarter. Ethic Inc. now owns 23,772 shares of the apparel retailer’s stock valued at $4,282,000 after buying an additional 4,847 shares during the period. National Pension Service grew its stake in Ross Stores by 138.4% in the fourth quarter. National Pension Service now owns 1,300,056 shares of the apparel retailer’s stock valued at $234,192,000 after acquiring an additional 754,816 shares during the period. CWM LLC increased its holdings in shares of Ross Stores by 61.1% during the fourth quarter. CWM LLC now owns 45,043 shares of the apparel retailer’s stock valued at $8,114,000 after acquiring an additional 17,090 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new position in shares of Ross Stores during the fourth quarter worth approximately $204,750,000. Finally, NewEdge Wealth LLC lifted its holdings in shares of Ross Stores by 99.5% in the 4th quarter. NewEdge Wealth LLC now owns 14,745 shares of the apparel retailer’s stock worth $2,656,000 after purchasing an additional 7,353 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.
Ross Stores Price Performance
Ross Stores stock opened at $252.57 on Friday. Ross Stores, Inc. has a 52 week low of $134.37 and a 52 week high of $255.30. The company’s 50 day moving average price is $229.23 and its two-hundred day moving average price is $215.76. The stock has a market cap of $81.02 billion, a P/E ratio of 35.28, a P/E/G ratio of 2.83 and a beta of 0.87. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12.
Ross Stores Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, June 9th. Ross Stores’s dividend payout ratio is 24.86%.
Analyst Ratings Changes
ROST has been the subject of a number of recent research reports. Telsey Advisory Group boosted their price target on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Guggenheim reissued a “buy” rating and set a $290.00 target price on shares of Ross Stores in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Finally, Barclays raised their target price on Ross Stores from $242.00 to $260.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $233.18.
Check Out Our Latest Stock Analysis on ROST
Ross Stores 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.
Further Reading
- Five stocks we like better than Ross Stores
- Microsoft Just Flipped the AI Spending Narrative Overnight
- Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
- Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
- Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes
Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST – Free Report).
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.
