Liberty Wealth Management LLC Buys New Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Liberty Wealth Management LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,320 shares of the apparel retailer’s stock, valued at approximately $180,000.

A number of other institutional investors have also made changes to their positions in the business. Capital Analysts LLC bought a new position in shares of Ross Stores during the 1st quarter worth about $35,000. Ameritas Investment Company LLC acquired a new position in Ross Stores in the first quarter worth about $45,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new position in Ross Stores during the second quarter worth about $71,000. Exchange Traded Concepts LLC boosted its holdings in Ross Stores by 62.2% during the second quarter. Exchange Traded Concepts LLC now owns 626 shares of the apparel retailer’s stock valued at $78,000 after purchasing an additional 240 shares in the last quarter. Finally, CX Institutional grew its stake in shares of Ross Stores by 45.9% in the 2nd quarter. CX Institutional now owns 788 shares of the apparel retailer’s stock valued at $98,000 after purchasing an additional 248 shares during the period. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ROST stock opened at $106.64 on Thursday. The firm has a market cap of $37.90 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 2.53 and a beta of 1.02. Ross Stores, Inc. has a 12 month low of $84.68 and a 12 month high of $134.21. The company has a quick ratio of 1.37, a current ratio of 1.77 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $116.41 and a 200 day moving average price of $121.35.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Wednesday, August 18th. The apparel retailer reported $1.39 EPS for the quarter, topping the consensus estimate of $1.00 by $0.39. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.56 billion. Ross Stores had a net margin of 7.73% and a return on equity of 45.58%. During the same quarter in the previous year, the company earned $0.06 EPS. Sell-side analysts predict that Ross Stores, Inc. will post 4.45 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Tuesday, September 7th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Friday, September 3rd. Ross Stores’s payout ratio is 97.44%.

Several brokerages recently commented on ROST. Credit Suisse Group boosted their price target on Ross Stores from $142.00 to $145.00 and gave the company an “outperform” rating in a research note on Friday, August 20th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Ross Stores from $145.00 to $142.00 and set a “buy” rating for the company in a research report on Friday, August 20th. William Blair restated an “outperform” rating on shares of Ross Stores in a research report on Wednesday, August 25th. Cowen dropped their price objective on shares of Ross Stores from $147.00 to $144.00 and set an “outperform” rating for the company in a report on Friday, August 20th. Finally, Robert W. Baird boosted their target price on Ross Stores from $140.00 to $148.00 and gave the stock an “outperform” rating in a report on Friday, August 20th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $138.50.

Ross Stores Profile

Ross Stores, Inc engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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