Kathleen S. Wright Associates Inc. lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 5.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,400 shares of the apparel retailer’s stock after selling 200 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Ross Stores were worth $505,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Peapack Gladstone Financial Corp increased its stake in Ross Stores by 1.8% in the third quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock valued at $588,000 after acquiring an additional 70 shares during the last quarter. Howe & Rusling Inc. boosted its holdings 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 valued at $600,000 after purchasing an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock valued at $71,000 after purchasing an additional 76 shares during the last quarter. Alhambra Investment Management LLC raised its holdings in shares of Ross Stores by 5.2% during the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock worth $234,000 after buying an additional 76 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its position in shares of Ross Stores by 5.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock worth $261,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Ross Stores Stock Performance
Ross Stores stock opened at $147.07 on Tuesday. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.49 and a beta of 1.10. The stock’s 50 day simple moving average is $151.90 and its two-hundred day simple moving average is $147.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.
Ross Stores Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 1.00%. Ross Stores’s dividend payout ratio (DPR) is 23.15%.
Wall Street Analysts Forecast Growth
ROST has been the subject of a number of research reports. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 target price (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Telsey Advisory Group reissued a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a report on Monday, November 18th. Finally, StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average price target of $169.06.
Read Our Latest Analysis on Ross Stores
About Ross Stores
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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