NuWave Investment Management LLC bought a new position in shares Ross Stores, Inc.NASDAQ:ROST – Get a Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,667 shares of the apparel retailer’s stock, valued at approximately $151,000.
Other large investors have also purchased and sold ROST shares. Equitec Proprietary Markets LLC bought a new position in shares Ross Stores in the fourth quarter worth approximately $26,000. Kozak & Associates Inc. bought a new position of approximately $45,000 in shares Ross Stores during the third quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Ross Stores in quarter 3. It was valued at $46,000. MUFG Americas Holdings Corp grew its stake to 1,600.0% in Ross Stores during quarter 4. MUFG Americas Holdings Corp now owns 425 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 400 shares in the last quarter. Okabena Investment Services Inc. acquired a position at Ross Stores valued at $59,000 in the fourth-quarter. Institutional investors and hedge funds own 87.02% of the company’s stock.
ROST has been supported by several research firms. Ross Stores have been downgraded since a by TheStreet. “b-”Rating to a “c+”Rating in a research note on Thursday, May 19th. OTR Global downgraded Ross Stores. “positive”Ratings were provided in a research paper on Wednesday May 4th. Robert W. Baird reduced their price target for Ross Stores from $115.00 – $90.00 and established an “outperform”The company was awarded a “B”Rating in a research note dated Friday May 20th. Credit Suisse Group has reduced their price target for Ross Stores from $125.00 to $100.00 and has set an “outperform”The company was awarded a “B”A research note dated Friday May 20th, rated the company. Loop Capital also decreased their price target for Ross Stores from $95.00 – $80.00 and established a a “hold”A research note was published on Friday, May 20th, giving a rating to the company. Six analysts gave the stock a Hold rating and eleven gave it a Buy rating. MarketBeat.com currently rates it with a consensus rating of at “Moderate Buy”The consensus target price is $102.73.
NASDAQ:ROSTThe stock opened at $72.81 on Thursday. The stock has an estimated market capital of $25.48 trillion. It has a ratio between 16.22 and 1.61 and a beta of 0.93. The stock’s 50-day simple movement mean is $89.51 and its 200-day simple move mean is $95.56. The company has a current (1.88), quick (1.16) and debt to equity (0.61). Ross Stores, Inc.’s 1-year low was $69.75 and its 1-year high was $127.58.
Ross Stores (NASDAQ:ROST – Get a Rating) last released its quarterly earnings results on Thursday, May 19th. The apparel retailer reported $0.97 earnings during the quarter. This was lower that the consensus estimate of $1.00 ($0.03). The quarter’s revenue was $4.33 Billion. This is lower than analyst estimates of $4.54 Billion. Ross Stores achieved a return on equity of 39.61% and a net margin of 8.46%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. The company earned $1.34 per shares during the same period last years. According to sell-side analysts, Ross Stores, Inc. will post 4.43 EPS for the current year.
The company recently declared a quarterly distribution. It will be payable on Thursday, June 30,th. Investors who have registered by Tuesday June 7th will be paid $0.31 per share. Monday, June 6th is the ex-dividend day. This yields $1.24 per year and 1.70%. Ross Stores’s payout ratio is currently 27.62%.
Ross Stores announced Tuesday, March 1st that its Board of Directors approved a stock purchase plan. This plan allows the company repurchase $1.90 billion in shares. This authorization allows the apparel retailer access to repurchase up 6% of its shares via open-market transactions. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Director is a related topic. Michael J. BushRoss Stores stock purchased in a transaction that took place on Wednesday, June 8. It was 1,000 shares. The stock was purchased at an $81.46 average price, resulting in an $81,460.00 total transaction value. Following the completion of the sale, the director now directly owns 34,496 shares of the company’s stock, valued at approximately $2,810,044.16. The transaction was disclosed by the SEC in a legal file, which can be accessed here The SEC website. Company insiders own 1.90% of the company’s stock.
About Ross Stores (Get a Rating)
Ross Stores, Inc, and its subsidiaries, operate off the price retail apparel stores as well as home fashion shops under Ross Dress for Less. It sells apparel, accessories, footwear and home fashions in its stores. Ross Dress for Less shops sell products in specialty and departmental stores, which primarily targets middle-income households. dd’s DISCOUNTS shops sell its products in department and discount stores for households of moderate income.
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