O Shaughnessy Asset Management LLC Has $4.54 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

O Shaughnessy Asset Management LLC boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 19.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,919 shares of the apparel retailer’s stock after buying an additional 4,992 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Ross Stores were worth $4,538,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of Ross Stores in the 1st quarter valued at $26,000. Rise Advisors LLC acquired a new stake in shares of Ross Stores in the 1st quarter valued at $27,000. Geneos Wealth Management Inc. boosted its stake in shares of Ross Stores by 52.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 83 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of Ross Stores by 41.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Ross Stores in the 4th quarter valued at $51,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In related news, Director Patricia H. Mueller sold 941 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $138.37, for a total value of $130,206.17. Following the completion of the transaction, the director now directly owns 973 shares of the company’s stock, valued at $134,634.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.

Ross Stores Trading Down 0.8 %

Shares of NASDAQ:ROST traded down $1.14 during mid-day trading on Tuesday, reaching $143.78. The stock had a trading volume of 1,821,446 shares, compared to its average volume of 2,268,186. The firm has a market cap of $47.96 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.52 and a beta of 1.08. The firm has a 50 day simple moving average of $143.35 and a two-hundred day simple moving average of $141.60. 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 twelve month low of $108.35 and a twelve month high of $153.06.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.83 billion. Ross Stores had a net margin of 9.60% and a return on equity of 42.24%. Ross Stores’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. On average, research analysts predict that Ross Stores, Inc. will post 5.97 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were paid a $0.3675 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $1.47 annualized dividend and a dividend yield of 1.02%. Ross Stores’s dividend payout ratio is presently 24.79%.

Wall Street Analyst Weigh In

ROST has been the topic of several recent analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $160.00 target price on shares of Ross Stores in a research note on Friday, June 14th. Evercore ISI upped their price target on shares of Ross Stores from $155.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, May 24th. TD Cowen upped their price target on shares of Ross Stores from $173.00 to $176.00 and gave the stock a “buy” rating in a research report on Friday, May 24th. Morgan Stanley upped their price target on shares of Ross Stores from $159.00 to $161.00 and gave the stock an “overweight” rating in a research report on Friday, May 24th. Finally, UBS Group upped their price target on shares of Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, May 24th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.06.

Ross Stores 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.