Oppenheimer & Co. Inc. Makes New Investment in Ross Stores, Inc. (NASDAQ:ROST)

Oppenheimer & Co. Inc. purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) during the third quarter, Holdings Channel reports. The fund purchased 2,217 shares of the apparel retailer’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently made changes to their positions in the company. Steph & Co. boosted its stake in shares of Ross Stores by 4.5% during the third quarter. Steph & Co. now owns 2,048 shares of the apparel retailer’s stock valued at $231,000 after purchasing an additional 88 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in shares of Ross Stores by 3.1% during the third quarter. Canandaigua National Bank & Trust Co. now owns 3,021 shares of the apparel retailer’s stock valued at $341,000 after purchasing an additional 91 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Ross Stores by 14.1% during the third quarter. Global Retirement Partners LLC now owns 783 shares of the apparel retailer’s stock valued at $88,000 after purchasing an additional 97 shares in the last quarter. Fiduciary Trust Co. boosted its stake in shares of Ross Stores by 0.4% during the first quarter. Fiduciary Trust Co. now owns 27,898 shares of the apparel retailer’s stock valued at $2,961,000 after purchasing an additional 105 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Ross Stores by 6.0% during the second quarter. Quadrant Capital Group LLC now owns 1,935 shares of the apparel retailer’s stock valued at $217,000 after purchasing an additional 109 shares in the last quarter. 84.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley lifted their price target on Ross Stores from $131.00 to $137.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. BMO Capital Markets raised their price objective on Ross Stores from $127.00 to $138.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. Gordon Haskett upgraded Ross Stores from an “accumulate” rating to a “buy” rating and set a $135.00 price objective for the company in a research report on Friday, November 3rd. Wells Fargo & Company raised their price objective on Ross Stores from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. Finally, Telsey Advisory Group restated a “market perform” rating and set a $130.00 price objective on shares of Ross Stores in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.05.

View Our Latest Stock Analysis on Ross Stores

Ross Stores Trading Down 0.3 %

Shares of ROST stock opened at $145.41 on Tuesday. The company has a market cap of $48.96 billion, a P/E ratio of 28.79, a PEG ratio of 2.11 and a beta of 1.04. The stock has a 50 day simple moving average of $137.86 and a two-hundred day simple moving average of $125.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.11 and a current ratio of 1.70. Ross Stores, Inc. has a fifty-two week low of $99.00 and a fifty-two week high of $146.42.

Ross Stores (NASDAQ:ROSTGet Free Report) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.11. The business had revenue of $4.92 billion during the quarter, compared to the consensus estimate of $4.84 billion. Ross Stores had a return on equity of 38.83% and a net margin of 8.75%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 earnings per share. Research analysts forecast that Ross Stores, Inc. will post 5.36 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 5th were issued a dividend of $0.335 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $1.34 annualized dividend and a dividend yield of 0.92%. Ross Stores’s dividend payout ratio is 26.53%.

Ross Stores Profile

(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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

Further Reading

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROSTFree Report).

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

Receive News & Ratings for Ross Stores 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 with MarketBeat.com's FREE daily email newsletter.