Junto Capital Management LP Has $147.56 Million Holdings in Ross Stores, Inc. $ROST

Junto Capital Management LP increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 184.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 968,290 shares of the apparel retailer’s stock after purchasing an additional 628,042 shares during the quarter. Ross Stores makes up approximately 3.0% of Junto Capital Management LP’s portfolio, making the stock its 6th biggest holding. Junto Capital Management LP owned 0.30% of Ross Stores worth $147,558,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American National Bank & Trust bought a new position in shares of Ross Stores during the 3rd quarter worth $26,000. Grey Fox Wealth Advisors LLC bought a new stake in Ross Stores in the 3rd quarter valued at about $29,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Ross Stores by 162.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 148 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Ross Stores during the second quarter valued at about $38,000. Finally, True Wealth Design LLC lifted its holdings in Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock valued at $39,000 after purchasing an additional 155 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Performance

Shares of ROST opened at $206.28 on Monday. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $216.80. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. The company has a market cap of $66.72 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 2.81 and a beta of 0.97. The stock has a 50-day moving average price of $196.31 and a 200-day moving average price of $174.57.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a net margin of 9.43% and a return on equity of 36.70%. The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the prior year, the business earned $1.65 earnings per share. Ross Stores’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.445 per share. This is an increase from Ross Stores’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 13th. This represents a $1.78 annualized dividend and a dividend yield of 0.9%. Ross Stores’s dividend payout ratio is 26.93%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. UBS Group set a $208.00 target price on shares of Ross Stores in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $221.00 price target on shares of Ross Stores in a research note on Thursday, January 8th. Jefferies Financial Group reiterated a “buy” rating and issued a $205.00 price objective on shares of Ross Stores in a research note on Monday, December 1st. JPMorgan Chase & Co. increased their target price on Ross Stores from $215.00 to $232.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company raised their price target on Ross Stores from $205.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, March 4th. Sixteen analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $208.29.

Insider Buying and Selling at Ross Stores

In related news, Director Patricia H. Mueller sold 1,881 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total value of $400,897.53. Following the transaction, the director owned 2,159 shares of the company’s stock, valued at $460,147.67. This represents a 46.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Karen Sykes sold 2,556 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $213.91, for a total value of $546,753.96. Following the sale, the chief marketing officer owned 103,945 shares in the company, valued at $22,234,874.95. The trade was a 2.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

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.