According to the most recent Form 13F filing that DekaBank Deutsche Girozentrale submitted to the Securities and Exchange Commission, the financial institution increased the percentage of Ross Stores, Inc. (NASDAQ: ROST) shares that it owned by 1.2% during the third quarter (SEC). After purchasing 10,153 additional shares during the most recent trading session, the institutional investor now holds a total of 885,492 stock held by the apparel retailer in their investment portfolio. At the end of the most recent financial quarter, DekaBank Deutsche Girozentrale held 0.26% of Ross Stores’ stock, which had a value of $73,546,000 at the time the quarter ended.
In the most recent period, several other hedge funds have implemented various changes to the positions they currently hold in the company. During the third quarter of the fiscal year, Core Alternative Capital increased its interest in Ross Stores by 59.7%. As a result of the purchase of an additional 120 shares during the most recent quarter, Core Alternative Capital now possesses 321 shares of the clothing retailer’s stock, which has a value of $27,000. This brings the total number of shares that Core Alternative Capital owns in the company to 321. The total amount that Core Alternative Capital has invested in the stock is $27,000. Sage Rhino Capital LLC brought its total ownership of Ross Stores up to 100 percent during the third quarter by purchasing an additional 1.5% of the company. The clothing retailer’s stock is currently worth $689,000. Sage Rhino Capital LLC currently owns 8,171 shares of the company’s stock. This comes after the previous fiscal quarter saw the purchase of 122 additional shares of the company’s stock. During the second quarter of the current fiscal year, Trust Asset Management LLC increased the percentage of Ross Stores stock that is owned by 3.5%. Trust Asset Management LLC now has a total ownership stake in the clothing retailer equal to 3,708 shares, for a total of $260,000, after purchasing an additional 126 shares during the most recent quarter. This brings the total number of shares owned by Trust Asset Management LLC to 3,708. During the second quarter of the current fiscal year, Baker Avenue Asset Management LP increased the percentage of Ross Stores stock that is owned by 0.8%. Following the acquisition of 157 additional shares during the preceding quarter, Baker Avenue Asset Management LP now holds a total of 19,892 shares of the stock held by the apparel retailer. This gives the holding company a market capitalization of $1,397,000. And as a final point of interest, during the third quarter, Resonant Capital Advisors LLC increased the percentage of Ross Stores stock owned by 3.5 percent. During the most recent quarter, Resonant Capital Advisors LLC increased its holdings in the clothing retailer’s stock by 162 shares, bringing the total number of shares that it currently owns to 4,789, with a value of $404,000. This brings the company’s holdings in the stock to an all-time high. Institutional investors and hedge funds collectively own 89.07% of the total number of shares in the company, making up the majority of the shareholders.
ROST stock was first available for trading on Tuesday for $120.01 per share. The stock’s moving average over the past 50 days is $113.04, and its moving average over the past 200 days is $95.44, respectively. The company has a price-to-growth ratio that comes in at 2.66, a price-to-earnings ratio that comes in at 29.13, and a beta value that comes in at 0.98. Its current market value is $41.33 billion, giving it a market capitalization. The price of merchandise sold by Ross Stores, Inc. has ranged from $69.24 to $122.44 over the previous 52 weeks, with an average price of $79.24. The ratio of the current ratio to the quick ratio is 1.23, while the ratio of the current ratio to the quick ratio is 1.95. The ratio of debt to equity is 0.59.
On November 17, the most recent earnings report for Ross Stores, which is publicly traded and can be found under the NASDAQ: ROST, was made available to the public. The online clothing retailer reported a quarterly profit per share of $1.00 for the period, which is $0.19 higher than the estimate provided by the market, which was $0.81. Ross Stores had a return on equity of 34.95% and a net margin of 7.74% for the company overall. The revenue the company brought in for the quarter was $4.57 billion, which is higher than the forecasted amount of $4.37 billion that it would bring in for the quarter. The corporation reported a profit of $1.09 per share for the same period the year before compared to the current year. Compared to the same period the previous year, Ross Stores’ revenue dropped by 2.2% during the quarter in question. Ross Stores, Inc. is expected to generate earnings of 4.3 cents per share during the current fiscal year, as stated by projections made by market analysts.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On Tuesday, December 6, $0.31 dividend payments per share were mailed out to stockholders who already had their information on file. This translates to a yield of 1.03% and a dividend payment of $1.24 yearly for each shareholder. The date of this dividend’s ex-dividend date, which was on December 5 (a Monday), was as follows: The payout ratio for Ross Stores is currently standing at 30.10 percent.
The stock price of ROST has recently been the subject of commentary from several different industry experts. Cowen stated that they would be increasing their price target for Ross Stores to $103.00, and the announcement was made public in a research report published on November 21. In a research note issued on November 21, Guggenheim increased their target price for Ross Stores shares to $125.The research note was published online. BMO Capital Markets indicated in a research note published on Friday, November 18, that they would be increasing their price objective on Ross Stores from $95.00 to $113.00. The new price objective will take effect in the following trading session. The letter grade assigned to Ross Stores was raised from “c+” to “b-” in a report made available to the general public on Tuesday, December 6, by TheStreet. The Goldman Sachs Group reaffirmed their “buy” rating for Ross Stores and raised their price objective for the company’s stock from $119.00 to $134.00 in a research note released on Monday, December 12. The research note was published online. The stock has been assigned a “hold” rating by five research analysts, while a “buy” rating has been assigned by thirteen other analysts. The consensus price target for the company is currently set at $117.25, and Bloomberg reports that the average rating for the company is “Moderate Buy.” Additionally, the average price target for the company is reported to be $117.25.
Ross Businesses, Inc. and its affiliates run discount clothing and home fashion stores, respectively known as Ross Dress for Less and dd’s DISCOUNTS, under the brand names Ross Dress for Less and dd’s DISCOUNTS, respectively. The Ross Group of Companies The company’s retail locations sell a wide variety of products, most of which fall into clothing, accessories, footwear, and home goods. Products from Ross Dress for fewer stores are primarily sold in department stores and specialty stores to middle-class households, as opposed to products from DD’s DISCOUNTS stores, which are sold in discount stores and department stores to middle-class households. The same corporation owns both types of retail establishments.