Van ECK Associates Corp Increases Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Van ECK Associates Corp lifted its holdings in Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 15.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 35,077 shares of the apparel retailer’s stock after acquiring an additional 4,569 shares during the quarter. Van ECK Associates Corp’s holdings in Ross Stores were worth $3,962,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ROST. First Capital Advisors Group LLC. purchased a new stake in shares of Ross Stores in the 2nd quarter worth approximately $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Ross Stores in the 4th quarter worth approximately $29,000. Quarry LP purchased a new stake in Ross Stores during the first quarter valued at approximately $29,000. Clearstead Advisors LLC lifted its position in Ross Stores by 458.0% during the third quarter. Clearstead Advisors LLC now owns 279 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 229 shares during the last quarter. Finally, Steward Financial Group LLC lifted its position in Ross Stores by 164.1% during the third quarter. Steward Financial Group LLC now owns 338 shares of the apparel retailer’s stock valued at $38,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 84.79% of the company’s stock.

Analyst Ratings Changes

ROST has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of Ross Stores from $127.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, November 17th. Evercore ISI initiated coverage on shares of Ross Stores in a research report on Tuesday, November 7th. They set an “outperform” rating and a $140.00 target price for the company. Morgan Stanley increased their target price on shares of Ross Stores from $131.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, November 17th. Wells Fargo & Company raised their price target on shares of Ross Stores from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. Finally, Gordon Haskett raised shares of Ross Stores from an “accumulate” rating to a “buy” rating and set a $135.00 price target for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.05.

Read Our Latest Research Report on ROST

Ross Stores Stock Down 0.3 %

NASDAQ:ROST opened at $145.41 on Tuesday. The firm has a market capitalization of $48.96 billion, a P/E ratio of 28.79, a PEG ratio of 2.11 and a beta of 1.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.70 and a quick ratio of 1.11. The company’s fifty day moving average price is $137.86 and its 200-day moving average price is $125.20. Ross Stores, Inc. has a 1-year low of $99.00 and a 1-year high of $146.42.

Ross Stores (NASDAQ:ROSTGet Free Report) last released its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $1.33 EPS for the quarter, beating the consensus estimate of $1.22 by $0.11. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.84 billion. Ross Stores had a net margin of 8.75% and a return on equity of 38.83%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 5.36 EPS for the current year.

Ross Stores Dividend Announcement

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

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

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