Defence

Ross Stores, Inc. (NASDAQ:ROST) increased its stake in Cetera Investment Advisers


Cetera Investment Advisers increased its stake in shares of Ross Stores, Inc. (NASDAQ: ROSTGet a rating) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,362 shares of the apparel retailer’s stock after acquiring an additional 384 shares during the period. Cetera Investment Advisers’ holdings in Ross Stores were worth $728,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Ross Stores during the 1st quarter valued at $28,000. CVA Family Office LLC boosted its holdings in Ross Stores by 1,466.7% in the second quarter. CVA Family Office LLC now owns 470 shares of the apparel retailer’s stock worth $33,000 after buying an additional 440 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Ross Stores in the second quarter valued at $34,000. Venture Visionary Partners LLC bought a new stake in Ross Stores in the second quarter valued at $36,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Ross Stores by 419.8% in the second quarter. Harvest Fund Management Co. Ltd now owns 525 shares of the apparel retailer’s stock worth $37,000 after buying an additional 424 shares in the last quarter. Currently, 87.65% of the shares are owned by hedge funds and other institutional investors.

Ross Stores stocks rose 0.4%

Actions GROWTH opened at $116.79 on Wednesday. Ross Stores, Inc. has a 52 week low of $69.24 and a 52 week high of $117.51. The company has a debt-to-equity ratio of 0.59, a gearing ratio of 1.23, and a current ratio of 1.95. The company has a market cap of $40.53 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.58 and a beta of 0.97. The company has a 50-day simple moving average of $92.85 and a 200-day simple moving average of $86.40.

Ross Stores (NASDAQ: ROSTGet a rating) last published its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $1.00 earnings per share (EPS), topping the consensus estimate of $0.81 by $0.19. Ross Stores had a net margin of 7.74% and a return on equity of 34.95%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.37 billion. Earnings per share were $1.09 in the same quarter last year. The company’s quarterly revenue decreased by 0.2% compared to the same quarter last year. On average, stock analysts expect that Ross Stores, Inc. will post 4.3 earnings per share in the current year.

Ross Stores announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Tuesday, December 6th will be given a $0.31 dividend. That’s a $1.24 annual dividend and a yield of 1.06%. The ex-dividend date of this dividend is Monday, December 5th. Ross Stores currently has a dividend payout ratio (DPR) of 30.10%.

Analysts set new price targets

A number of brokerages have recently issued reports on ROST. Cowen upped their target price on shares of Ross Stores to $103.00 in a report on Monday, November 21st. Goldman Sachs Group started coverage on shares of Ross Stores in a report on Tuesday, August 2nd. They issued a “buy” rating and a $102.00 target price for the company. Loop Capital boosted their price objective on shares of Ross Stores from $80.00 to $85.00 in a report on Friday, August 19th. William Blair reaffirmed an “outperform” rating on shares of Ross Stores in a report on Friday, August 19th. Finally, Morgan Stanley upped their target price on shares of Ross Stores from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, November 18th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $114.30, according to MarketBeat.com.

Ross Stores Company Profile

(Get a rating)

Ross Stores, Inc, together with its subsidiaries, operates retail clothing and home fashion stores under the names Ross Dress for Less and dd’s DISCOUNTS. Its stores mainly offer clothing, accessories, shoes and home fashion. Ross Dress for Less stores sell their products in department stores and specialty stores primarily to middle-income families; and dd’s DISCOUNTS stores sell their products in department stores and discount stores for middle-income families.

Selected articles

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)



Get Ross Stores news and ratings daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ross Stores and related companies MarketBeat.com’s FREE Daily E-Newsletter.

https://www.defenseworld.net/2022/11/30/ross-stores-inc-nasdaqrost-stake-boosted-by-cetera-investment-advisers.html Ross Stores, Inc. (NASDAQ:ROST) increased its stake in Cetera Investment Advisers

Back to top button