Profund Advisors LLC grew its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,328 shares of the apparel retailer’s stock after purchasing an additional 2,018 shares during the period. Profund Advisors LLC’s holdings in Ross Stores were worth $3,996,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC purchased a new stake in shares of Ross Stores during the 4th quarter valued at $25,000. Savior LLC acquired a new stake in Ross Stores during the 4th quarter worth about $28,000. Solstein Capital LLC acquired a new stake in Ross Stores during the 4th quarter worth about $29,000. Fred Alger Management LLC grew its position in Ross Stores by 111.1% during the 4th quarter. Fred Alger Management LLC now owns 285 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 150 shares during the period. Finally, Busey Wealth Management acquired a new stake in Ross Stores during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 86.20% of the company’s stock.
Several brokerages have weighed in on ROST. JPMorgan Chase & Co. cut their price target on Ross Stores from $129.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Wells Fargo & Co cut their price target on Ross Stores from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Monday, March 16th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Ross Stores in a research report on Monday, March 2nd. Citigroup raised Ross Stores from a “neutral” rating to a “buy” rating and cut their price target for the stock from $120.00 to $90.00 in a research report on Friday, March 20th. Finally, Cowen reaffirmed an “outperform” rating and set a $145.00 price target (up from $131.00) on shares of Ross Stores in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $116.57.
Shares of ROST stock traded up $4.31 during mid-day trading on Thursday, hitting $85.60. 5,436,465 shares of the stock were exchanged, compared to its average volume of 2,987,652. The firm has a fifty day moving average of $104.12 and a 200 day moving average of $110.75. The company has a quick ratio of 0.59, a current ratio of 1.27 and a debt-to-equity ratio of 0.87. Ross Stores, Inc. has a 52-week low of $56.30 and a 52-week high of $124.16. The company has a market cap of $25.69 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.49 and a beta of 0.71.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, March 3rd. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.02. Ross Stores had a net margin of 10.36% and a return on equity of 50.11%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that Ross Stores, Inc. will post 4.8 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a $0.285 dividend. The ex-dividend date of this dividend is Monday, March 16th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 1.33%. Ross Stores’s dividend payout ratio (DPR) is currently 24.89%.
Ross Stores Profile
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 brands. Its stores primarily offers 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 regular prices to customers from households with moderate income.
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