1,667 Shares in Ross Stores, Inc. (NASDAQ:ROST) Purchased by NuWave Investment Management LLC

NuWave Investment Management LLC purchased a new position in shares Ross Stores, Inc.NASDAQ:ROSTGet a Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 1,667 shares of the apparel retailer’s stock, valued at approximately $151,000.

ROST shares were also purchased and sold recently by other large investors. Equitec Proprietary Markets LLC purchased a new position in shares Ross Stores during the fourth-quarter worth approximately $26,000. Kozak & Associates Inc. acquired a new position worth approximately $45,000 in shares of Ross Stores in the third quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Ross Stores during the 3rd quarter. It was valued at $46,000. MUFG Americas Holdings Corp increased its stake in Ross Stores to 1,600.0% during the fourth quarter. MUFG Americas Holdings Corp now owns 425 shares of the apparel retailer’s stock valued at $49,000 after purchasing an additional 400 shares in the last quarter. Okabena Investment Services Inc. purchased a new position at Ross Stores in the fourth-quarter, valued at $59,000. Institutional investors and hedge funds own 87.02% of the company’s stock.

ROST has been endorsed by a number of research firms. TheStreet has downgraded Ross Stores since a “b-”Rating to a “c+”Rating in a research note, Thursday, May 19th. OTR Global downgraded Ross Stores. “positive”Ratings were given in a research paper on Wednesday, May 4,th. Robert W. Baird reduced their price target for Ross Stores from $115.00 – $90.00 and established an “outperform”The company was given a “B” rating in a research note dated Friday, May 20th. Credit Suisse Group has decreased their price target for Ross Stores to $125.00 to $100.00, and set an “outperform”The company was given a “B” rating in a research note dated Friday, May 20th. Loop Capital also decreased their price target for Ross Stores from $95.00 – $80.00 and established a a “hold”A research note was issued on Friday, May 20th giving a rating of the company. Six investment analysts gave the stock a hold rating, while eleven gave the company a buy rating. MarketBeat.com currently rates the company with a consensus rating at “Moderate Buy”The consensus target price is $102.73.

NASDAQ:ROSTOn Thursday, the stock opened at $72.81. The stock has an estimated market cap of $25.48 trillion, a ratio of 16.22 to 1.61, and a beta value of 0.93. The stock has a 50-day simple moving mean of $89.51 while a 200-day simple moving mean of $95.56. The company has a current ratio (1.88), a quick ratio (1.16) and a debt to equity ratio (0.61). Ross Stores, Inc.’s 1-year low was $69.75 and its 1-year high was $127.58.

Ross Stores (NASDAQ:ROSTGet a Rating) last released its quarterly earnings results on Thursday, May 19th. The apparel retailer reported $0.97 earnings for the quarter. This was lower than the consensus estimate of $1.00 ($0.03). The revenue for the quarter was $4.33 Billion, which is lower than analyst estimates of $4.54 Billion. Ross Stores had a return-on-equity of 39.61%, and a net margin 8.46%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. The business earned $1.34 per share during the same period last year. According to sell-side analysts, Ross Stores, Inc. is expected to post 4.43 EPS in the current year.

The company recently declared a quarterly dividend. It will be paid on Thursday June 30th. Investors who were registered by Tuesday, June 7th will receive $0.31 per share. Monday, June 6, is the ex-dividend date. This yields 1.70% and $1.24 annually. Ross Stores’s payout ratio is currently 27.62%.

Ross Stores announced that its Board of Directors approved a stock buyback plan Tuesday, March 1st. This plan allows the company to repurchase $1.90 trillion in shares. This authorization allows the apparel retailer to repurchase as much as 6% of its shares through open-market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In related news, Director Michael J. BushRoss Stores stock was purchased in a transaction on Wednesday, June 8th. It involved 1,000 shares. The stock was purchased at an average price $81.46, resulting in a total transaction value of $81,460.00. Following the completion of the sale, the director now directly owns 34,496 shares of the company’s stock, valued at approximately $2,810,044.16. The transaction was disclosed to the SEC in a legal filing, which can be accessed through The SEC website. Company insiders own 1.90% of the company’s stock.

About Ross Stores (Get a Rating)

Ross Stores, Inc, along with its subsidiaries, operate off-price retail apparel stores and home fashion shops under the Ross Dress for Less brand names. Its stores offer apparel, accessories as well footwear and home fashions. Ross Dress for Less stores sell products at specialty and departmental stores, primarily to middle income households. dd’s DISCOUNTS shops sell its products in department and discount stores for households of moderate income.

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

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