Stonehage Fleming Financial Services Holdings Ltd Invests $759,000 in Ross Stores, Inc. $ROST

Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,566 shares of the apparel retailer’s stock, valued at approximately $759,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROST. Cooper Financial Group raised its holdings in Ross Stores by 2.8% during the 2nd quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock worth $409,000 after purchasing an additional 52 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of Ross Stores by 1.7% in the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares during the period. CYBER HORNET ETFs LLC boosted its stake in shares of Ross Stores by 6.1% in the 4th quarter. CYBER HORNET ETFs LLC now owns 954 shares of the apparel retailer’s stock valued at $172,000 after purchasing an additional 55 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Ross Stores by 4.6% in the 4th quarter. MCF Advisors LLC now owns 1,292 shares of the apparel retailer’s stock valued at $233,000 after purchasing an additional 57 shares during the last quarter. Finally, Caxton Associates LLP increased its position in shares of Ross Stores by 4.3% during the first quarter. Caxton Associates LLP now owns 1,421 shares of the apparel retailer’s stock worth $308,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ROST shares. Zacks Research downgraded shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Evercore set a $290.00 price target on Ross Stores in a report on Friday, August 21st. Sanford C. Bernstein lifted their price objective on Ross Stores from $230.00 to $240.00 and gave the stock a “market perform” rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $294.00 price objective on shares of Ross Stores in a research note on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $263.76.

Ross Stores Stock Down 2.7%

Ross Stores stock opened at $229.87 on Friday. The company has a market capitalization of $73.74 billion, a PE ratio of 27.83, a PEG ratio of 1.98 and a beta of 0.86. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The firm’s fifty day moving average is $234.04 and its 200 day moving average is $223.42. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 0.12.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same period last year, the company posted $1.56 earnings per share. The business’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts predict that Ross Stores, Inc. will post 8.15 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.445 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is currently 21.55%.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off?price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand?name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.