UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $463.28 Million Stock Holdings in Ross Stores, Inc. $ROST

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 21.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,176,560 shares of the apparel retailer’s stock after purchasing an additional 386,520 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ross Stores were worth $463,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Ross Stores during the second quarter valued at approximately $5,938,711,000. Bank of America Corp DE bought a new stake in shares of Ross Stores in the second quarter valued at about $2,024,203,000. Primecap Management Co. CA acquired a new position in Ross Stores during the 2nd quarter worth approximately $1,937,995,000. Norges Bank acquired a new position in Ross Stores during the fourth quarter worth $868,360,000. Finally, Wellington Management Group LLP grew its holdings in shares of Ross Stores by 89.2% in the 2nd quarter. Wellington Management Group LLP now owns 6,615,682 shares of the apparel retailer’s stock valued at $1,408,148,000 after acquiring an additional 3,118,591 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a report on Friday, August 21st. Evercore set a $290.00 price objective on shares of Ross Stores in a research note on Friday, August 21st. Jefferies Financial Group increased their target price on Ross Stores from $265.00 to $285.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Telsey Advisory Group upped their target price on Ross Stores from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research note on Monday, July 6th. Fifteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus target price of $263.76.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $228.55 on Monday. Ross Stores, Inc. has a 12-month low of $143.39 and a 12-month high of $257.00. The firm has a market cap of $73.31 billion, a PE ratio of 27.67, a P/E/G ratio of 1.92 and a beta of 0.86. The company’s fifty day simple moving average is $233.95 and its 200 day simple moving average is $223.66. 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 issued its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.16 billion. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%.Ross Stores’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.56 EPS. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 8.15 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, September 8th. Ross Stores’s dividend payout ratio (DPR) is 21.55%.

Ross Stores Company 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.