Several other equities analysts have also weighed in on ROST. Telsey Advisory Group lowered shares of Ross Stores from an outperform rating to a market perform rating and set a $103.00 price objective on the stock. in a research report on Monday, June 24th. Zacks Investment Research raised shares of Gerdau from a sell rating to a hold rating in a research report on Monday, May 13th. Robert W. Baird initiated coverage on shares of TJX Companies in a research report on Monday, May 13th. They issued an outperform rating and a $63.00 price objective on the stock. Guggenheim reissued a buy rating and issued a $60.00 price objective on shares of Foot Locker in a research report on Friday, May 24th. Finally, Goldman Sachs Group raised shares of to a neutral rating and dropped their price objective for the company from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $98.64.
Shares of ROST stock opened at $106.02 on Thursday. The firm has a market capitalization of $38.67 billion, a PE ratio of 24.89, a P/E/G ratio of 2.26 and a beta of 0.90. The company has a current ratio of 1.34, a quick ratio of 0.64 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $98.93. Ross Stores has a one year low of $75.91 and a one year high of $106.78.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Monday, June 10th. Ross Stores’s dividend payout ratio is 23.94%.
In related news, Director George Orban sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $102.50, for a total transaction of $102,500.00. Following the transaction, the director now directly owns 543,939 shares of the company’s stock, valued at $55,753,747.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James S. Fassio sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $103.38, for a total transaction of $6,202,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,049 shares of company stock worth $17,798,721. 2.30% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. CI Investments Inc. bought a new position in Ross Stores during the fourth quarter worth about $26,000. First Manhattan Co. bought a new position in Ross Stores in the 1st quarter valued at about $27,000. Berman Capital Advisors LLC bought a new position in Ross Stores in the 4th quarter valued at about $32,000. Omnia Family Wealth LLC increased its holdings in Ross Stores by 1,387.5% in the 4th quarter. Omnia Family Wealth LLC now owns 476 shares of the apparel retailer’s stock valued at $40,000 after buying an additional 444 shares during the period. Finally, Thor Advisors LLC bought a new position in Ross Stores in the 1st quarter valued at about $54,000. 89.62% of the stock is currently owned by institutional investors and hedge funds.
About Ross Stores
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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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