Financiere des Professionnels Fonds d investissement inc. Cuts Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Financiere des Professionnels Fonds d investissement inc. trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 39,666 shares of the apparel retailer’s stock after selling 921 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Ross Stores were worth $5,069,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its holdings in Ross Stores by 152.9% in the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after buying an additional 107 shares during the period. Golden State Wealth Management LLC boosted its position in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 73 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of Ross Stores in the 4th quarter valued at approximately $31,000. Tradewinds Capital Management LLC boosted its position in shares of Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in Ross Stores in the fourth quarter worth $44,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

ROST opened at $131.42 on Friday. The firm has a market capitalization of $42.98 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11. The business’s 50-day moving average is $138.90 and its two-hundred day moving average is $139.90. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The business’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $1.62 annualized dividend and a yield of 1.23%. Ross Stores’s dividend payout ratio (DPR) is presently 25.59%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROST. Evercore ISI decreased their price target on shares of Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 23rd. Loop Capital dropped their target price on Ross Stores from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Telsey Advisory Group reissued a “market perform” rating and set a $150.00 price objective on shares of Ross Stores in a research report on Friday, May 23rd. Morgan Stanley cut their price target on shares of Ross Stores from $128.00 to $126.00 and set an “equal weight” rating on the stock in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price objective on Ross Stores from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.94.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.