Aigen Investment Management LP Has $1.54 Million Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Aigen Investment Management LP grew its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 26.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,206 shares of the apparel retailer's stock after acquiring an additional 2,123 shares during the period. Aigen Investment Management LP's holdings in Ross Stores were worth $1,544,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ROST. Stephens Inc. AR raised its position in Ross Stores by 5.2% in the 3rd quarter. Stephens Inc. AR now owns 2,328 shares of the apparel retailer's stock worth $350,000 after purchasing an additional 115 shares during the last quarter. Farther Finance Advisors LLC raised its position in Ross Stores by 53.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,560 shares of the apparel retailer's stock worth $385,000 after purchasing an additional 894 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Ross Stores by 22.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,995 shares of the apparel retailer's stock worth $290,000 after purchasing an additional 363 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Ross Stores by 2.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 40,488 shares of the apparel retailer's stock worth $6,094,000 after purchasing an additional 908 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Ross Stores by 2.9% in the 3rd quarter. Van ECK Associates Corp now owns 46,853 shares of the apparel retailer's stock worth $6,805,000 after purchasing an additional 1,301 shares during the last quarter. Institutional investors own 86.86% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ROST shares. Loop Capital dropped their price objective on shares of Ross Stores from $190.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday. Sanford C. Bernstein reiterated a "market perform" rating and set a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Guggenheim reiterated a "buy" rating and set a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. TD Cowen dropped their target price on shares of Ross Stores from $185.00 to $177.00 and set a "buy" rating for the company in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $163.07.

Ross Stores Stock Down 1.4 %

NASDAQ ROST traded down $1.93 on Friday, reaching $135.96. The company had a trading volume of 4,252,671 shares, compared to its average volume of 2,583,287. The firm has a market capitalization of $44.86 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. 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, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The company's fifty day moving average is $145.37 and its 200-day moving average is $147.49.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. On average, research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a $0.405 dividend. The ex-dividend date is Tuesday, March 18th. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. This represents a $1.62 dividend on an annualized basis and a yield of 1.19%. Ross Stores's dividend payout ratio is presently 25.63%.

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 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.