B. Riley Wealth Advisors Inc. Purchases 455 Shares of Ross Stores, Inc. (NASDAQ:ROST)

B. Riley Wealth Advisors Inc. grew its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,041 shares of the apparel retailer’s stock after acquiring an additional 455 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Ross Stores were worth $1,033,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in Ross Stores by 9.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 888 shares of the apparel retailer’s stock valued at $123,000 after buying an additional 73 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in Ross Stores by 41.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock worth $35,000 after purchasing an additional 74 shares in the last quarter. Greenleaf Trust boosted its position in Ross Stores by 1.6% in the 4th quarter. Greenleaf Trust now owns 5,133 shares of the apparel retailer’s stock worth $710,000 after purchasing an additional 80 shares in the last quarter. Geneos Wealth Management Inc. lifted its position 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 valued at $33,000 after buying an additional 83 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Ross Stores by 9.8% during the 4th quarter. First Horizon Advisors Inc. now owns 961 shares of the apparel retailer’s stock valued at $133,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Up 0.0 %

ROST opened at $143.00 on Friday. The firm has a market cap of $47.70 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Ross Stores, Inc. has a 52 week low of $108.35 and a 52 week high of $153.06. The business’s 50 day moving average is $144.93 and its two-hundred day moving average is $141.87. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 0.31.

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 analysts’ consensus estimates of $1.35 by $0.11. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.83 billion. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 earnings per share. On average, research analysts predict that Ross Stores, Inc. will post 5.97 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Tuesday, June 11th. Ross Stores’s payout ratio is currently 24.79%.

Insider Activity

In other 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 transaction, the director now owns 973 shares of the company’s stock, valued at $134,634.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley increased their price objective on Ross Stores from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Guggenheim raised their target price on Ross Stores from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, May 24th. UBS Group increased their price target on Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Evercore ISI increased their price target on Ross Stores from $155.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, TD Cowen raised their target price on Ross Stores from $173.00 to $176.00 and gave the company a “buy” rating in a report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.