Monument Capital Management Takes $267,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Monument Capital Management acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,819 shares of the apparel retailer’s stock, valued at approximately $267,000.

A number of other hedge funds have also bought and sold shares of the company. Riverview Trust Co purchased a new position in shares of Ross Stores during the 1st quarter worth about $26,000. Rise Advisors LLC purchased a new stake in shares of Ross Stores in the first quarter worth approximately $27,000. Geneos Wealth Management Inc. lifted its stake in shares of Ross Stores by 52.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 83 shares during the last quarter. Raleigh Capital Management Inc. boosted its holdings in Ross Stores by 41.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after acquiring an additional 74 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new position in Ross Stores in the 4th quarter valued at $51,000. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Ross Stores from $150.00 to $163.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Citigroup boosted their price target on Ross Stores from $147.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Evercore ISI lifted their target price on Ross Stores from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday, May 24th. BMO Capital Markets raised their price target on Ross Stores from $138.00 to $165.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Loop Capital increased their target price on shares of Ross Stores from $150.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.06.

Insider Transactions at Ross Stores

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

Ross Stores Stock Down 0.3 %

Ross Stores stock opened at $144.00 on Thursday. Ross Stores, Inc. has a 1-year low of $107.30 and a 1-year high of $151.12. 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 stock has a market capitalization of $48.04 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 2.53 and a beta of 1.08. The business has a fifty day moving average price of $139.13 and a 200-day moving average price of $140.58.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $4.83 billion. During the same period in the prior year, the firm earned $1.09 EPS. The firm’s revenue was up 8.1% on a year-over-year basis. Equities research analysts forecast that Ross Stores, Inc. will post 5.97 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, June 11th. Ross Stores’s payout ratio is 24.79%.

About Ross Stores

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.