Burney 公司收购了罗斯百货公司（NASDAQ:ROST）的股份
Burney Co. has increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 27.8% in Q2, now owning 25,457 shares valued at $2,699,000. The institutional ownership of ROST stands at 86.86%. Various hedge funds have also adjusted their positions in the stock, leading to a moderate buy rating from analysts, with ROST's stock recently rising to $XX.54. The company exceeded EPS estimates and announced a quarterly dividend scheduled for September 30th, with an annualized yield of 0.96%.
Burney Co. increased its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 27.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,457 shares of the apparel retailer's stock after purchasing an additional 5,541 shares during the period. Burney Co.'s holdings in Ross Stores were worth $3,699,000 at the end of the most recent reporting period.
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A number of other hedge funds have also bought and sold shares of ROST. Riverview Trust Co acquired a new position in Ross Stores in the first quarter worth about $26,000. Rise Advisors LLC acquired a new position in Ross Stores in the first quarter valued at approximately $27,000. SJS Investment Consulting Inc. boosted its stake in Ross Stores by 262.1% in the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 152 shares during the period. Raleigh Capital Management Inc. boosted its stake in Ross Stores by 41.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer's stock valued at $35,000 after acquiring an additional 74 shares during the period. Finally, Family Firm Inc. acquired a new position in Ross Stores in the second quarter valued at approximately $44,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ROST has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Ross Stores from $160.00 to $175.00 and gave the company an "overweight" rating in a research note on Friday, August 23rd. UBS Group lifted their target price on Ross Stores from $147.00 to $167.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Gordon Haskett upgraded Ross Stores to a "strong-buy" rating in a research report on Friday, August 23rd. StockNews.com upgraded Ross Stores from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Finally, Guggenheim boosted their price objective on Ross Stores from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $169.71.
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View Our Latest Research Report on Ross Stores
Ross Stores Price Performance
NASDAQ:ROST traded up $2.64 during midday trading on Thursday, hitting $152.54. 1,006,615 shares of the stock were exchanged, compared to its average volume of 2,238,873. Ross Stores, Inc. has a one year low of $108.35 and a one year high of $163.60. The company has a market capitalization of $50.88 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.17 and a beta of 1.08. The business has a 50-day moving average price of $145.57 and a two-hundred day moving average price of $142.44. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31.
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Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.50 by $0.09. The firm had revenue of $5.29 billion for the quarter, compared to analysts' expectations of $5.25 billion. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 earnings per share. Sell-side analysts predict that Ross Stores, Inc. will post 5.97 EPS for the current year.
Ross Stores Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a $0.3675 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.96%. Ross Stores's dividend payout ratio is currently 24.79%.
Ross Stores Company Profile
(Free Report)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.
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