Achmea Investment Management B.V. lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 38.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 76,244 shares of the apparel retailer's stock after selling 46,894 shares during the period. Achmea Investment Management B.V.'s holdings in Ross Stores were worth $11,533,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Ross Stores by 152.9% during the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 107 shares during the last quarter. BOK Financial Private Wealth Inc. acquired a new position in Ross Stores in the 4th quarter valued at approximately $31,000. ORG Partners LLC raised its holdings in Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock valued at $36,000 after acquiring an additional 191 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ross Stores in the 4th quarter valued at approximately $51,000. Finally, Ashton Thomas Securities LLC acquired a new position in Ross Stores in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 86.86% of the company's stock.
Analyst Upgrades and Downgrades
ROST has been the subject of several recent research reports. Telsey Advisory Group cut their price target on Ross Stores from $175.00 to $150.00 and set a "market perform" rating for the company in a report on Wednesday, March 5th. Loop Capital cut their price target on Ross Stores from $190.00 to $175.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. TD Cowen cut their price target on Ross Stores from $185.00 to $177.00 and set a "buy" rating for the company in a report on Tuesday, November 19th. Guggenheim reissued a "buy" rating and issued a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. Finally, StockNews.com cut Ross Stores from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Ross Stores has a consensus rating of "Moderate Buy" and an average price target of $161.40.
View Our Latest Analysis on Ross Stores
Ross Stores Price Performance
NASDAQ ROST traded down $1.43 during trading hours on Tuesday, reaching $123.71. 3,359,450 shares of the company's stock were exchanged, compared to its average volume of 2,768,897. The stock has a market cap of $40.82 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. Ross Stores, Inc. has a one year low of $122.77 and a one year high of $163.60. The firm has a fifty day moving average of $142.26 and a 200-day moving average of $146.34. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.
Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. On average, equities research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.
Ross Stores Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. The ex-dividend date is Tuesday, March 18th. Ross Stores's dividend payout ratio (DPR) is presently 25.63%.
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 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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