Wedmont Private Capital Increases Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Wedmont Private Capital boosted its holdings in Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,880 shares of the apparel retailer’s stock after purchasing an additional 305 shares during the quarter. Wedmont Private Capital’s holdings in Ross Stores were worth $892,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ROST. Peapack Gladstone Financial Corp grew its position in Ross Stores by 1.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock valued at $588,000 after buying an additional 70 shares during the last quarter. Howe & Rusling Inc. lifted its stake in shares of Ross Stores by 1.9% in the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock worth $600,000 after acquiring an additional 73 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in shares of Ross Stores by 19.1% in the third quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 76 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in shares of Ross Stores by 5.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock worth $261,000 after acquiring an additional 85 shares during the period. Finally, Parallel Advisors LLC raised its holdings in Ross Stores by 1.5% during the second quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ROST shares. Evercore ISI lifted their price objective on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and decreased their price target for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.29.

View Our Latest Report on Ross Stores

Ross Stores Price Performance

ROST stock opened at $149.12 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The stock’s 50 day moving average price is $149.87 and its 200 day moving average price is $147.73. The firm has a market cap of $49.20 billion, a P/E ratio of 23.48, a PEG ratio of 2.54 and a beta of 1.10. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60.

Ross Stores (NASDAQ:ROSTGet Free Report) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. On average, sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.3675 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Ross Stores Company 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 to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

See Also

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

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