Livforsakringsbolaget Skandia Omsesidigt Invests $6.74 Million in Ross Stores, Inc. $ROST

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 31,687 shares of the apparel retailer’s stock, valued at approximately $6,741,000.

Several other large investors also recently added to or reduced their stakes in ROST. Hilton Head Capital Partners LLC purchased a new stake in shares of Ross Stores in the 4th quarter valued at about $26,000. Bard Associates Inc. bought a new stake in Ross Stores during the fourth quarter valued at approximately $31,000. Virtus Advisers LLC bought a new stake in Ross Stores during the fourth quarter valued at approximately $32,000. Fideuram Asset Management Ireland dac purchased a new position in Ross Stores in the 4th quarter worth approximately $38,000. Finally, Twin Lakes Capital Management LLC purchased a new position in Ross Stores in the 2nd quarter worth approximately $41,000. Institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

ROST has been the topic of several research reports. Evercore set a $290.00 price objective on shares of Ross Stores in a research report on Friday, August 21st. Wall Street Zen lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 20th. Wells Fargo & Company increased their target price on Ross Stores from $245.00 to $248.00 and gave the company an “equal weight” rating in a research note on Friday, August 21st. Telsey Advisory Group increased their target price on Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Robert W. Baird raised their price target on Ross Stores from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Fifteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $263.76.

Ross Stores Trading Down 0.6%

Shares of ROST opened at $228.55 on Friday. The firm has a market cap of $73.31 billion, a price-to-earnings ratio of 27.67, a PEG ratio of 1.93 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. Ross Stores, Inc. has a fifty-two week low of $143.39 and a fifty-two week high of $257.00. The firm has a 50 day moving average price of $233.95 and a 200-day moving average price of $223.45.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. During the same quarter in the prior year, the company earned $1.56 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts forecast that Ross Stores, Inc. will post 8.15 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio is presently 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.