Burney Co. Reduces Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Burney Co. decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,916 shares of the apparel retailer’s stock after selling 342 shares during the quarter. Burney Co.’s holdings in Ross Stores were worth $2,923,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co purchased a new position in shares of Ross Stores during the first quarter worth about $26,000. Rise Advisors LLC acquired a new stake in shares of Ross Stores during the first quarter worth about $27,000. Geneos Wealth Management Inc. boosted its stake in shares of Ross Stores by 52.9% during the fourth quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock worth $33,000 after buying an additional 83 shares during the period. Raleigh Capital Management Inc. boosted its stake in shares of Ross Stores by 41.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock worth $35,000 after buying an additional 74 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in shares of Ross Stores by 154.5% during the first quarter. EntryPoint Capital LLC now owns 308 shares of the apparel retailer’s stock worth $45,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Ross Stores stock traded down $2.73 during mid-day trading on Friday, reaching $140.24. The company had a trading volume of 2,363,529 shares, compared to its average volume of 1,861,235. Ross Stores, Inc. has a 1 year low of $108.35 and a 1 year high of $153.06. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.03. The company has a market capitalization of $46.78 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.51 and a beta of 1.08. The stock’s 50-day simple moving average is $144.89 and its 200-day simple moving average is $141.90.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.11. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the previous year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. On average, equities analysts predict that Ross Stores, Inc. will post 5.97 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Tuesday, June 11th were given a dividend of $0.3675 per share. The ex-dividend date was Tuesday, June 11th. This represents a $1.47 annualized dividend and a dividend yield of 1.05%. Ross Stores’s dividend payout ratio is currently 24.79%.

Insider Buying and Selling

In related news, Director Patricia H. Mueller sold 941 shares of Ross Stores stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $138.37, for a total transaction of $130,206.17. Following the completion of the transaction, the director now directly owns 973 shares in the company, valued at approximately $134,634.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

ROST has been the subject of several recent research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $160.00 target price on shares of Ross Stores in a research note on Friday, June 14th. UBS Group increased their target price on shares of Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, May 24th. TD Cowen increased their target price on shares of Ross Stores from $173.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. Wells Fargo & Company increased their target price on shares of Ross Stores from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Finally, StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average price target of $159.06.

Ross Stores Company Profile

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.