Azzad Asset Management Inc. ADV Increases Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)



Azzad Asset Management Inc. ADV raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 0.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,955 shares of the apparel retailer’s stock after acquiring an additional 122 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Ross Stores were worth $2,488,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Ross Stores by 9.0% during 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 in the last quarter. Raleigh Capital Management Inc. raised its stake in Ross Stores by 41.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 74 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in Ross Stores by 9.0% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the apparel retailer’s stock valued at $127,000 after buying an additional 76 shares in the last quarter. Greenleaf Trust raised its stake in Ross Stores by 1.6% during the fourth quarter. Greenleaf Trust now owns 5,133 shares of the apparel retailer’s stock valued at $710,000 after buying an additional 80 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Ross Stores by 52.9% during the fourth 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. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ROST. Evercore ISI upped their price objective on Ross Stores from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Robert W. Baird upped their target price on Ross Stores from $145.00 to $162.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Jefferies Financial Group upped their target price on Ross Stores from $135.00 to $147.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. JPMorgan Chase & Co. upped their target price on Ross Stores from $150.00 to $163.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Finally, Morgan Stanley upped their target price on Ross Stores from $159.00 to $161.00 and gave the company an “overweight” rating in a report on Friday, May 24th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $159.06.

View Our Latest Stock Report on Ross Stores

Insider Activity

In other news, Director Patricia H. Mueller sold 941 shares of the stock in a transaction 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 sale, the director now 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 through this hyperlink. Insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

ROST opened at $144.00 on Thursday. The company has a market capitalization of $48.04 billion, a price-to-earnings ratio of 24.28, a price-to-earnings-growth ratio of 2.53 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.03. Ross Stores, Inc. has a 1-year low of $107.30 and a 1-year high of $151.12. The business has a 50 day moving average price of $139.13 and a two-hundred day moving average price of $140.58.

Ross Stores (NASDAQ:ROST – Get Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.11. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. Research analysts predict that Ross Stores, Inc. will post 5.97 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.02%. Ross Stores’s dividend payout ratio (DPR) is presently 24.79%.

About Ross Stores

(Free Report)

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.

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



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