Burney Co. trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 57.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,662 shares of the apparel retailer's stock after selling 26,245 shares during the period. Burney Co.'s holdings in Ross Stores were worth $2,974,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its holdings in Ross Stores by 9.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,072 shares of the apparel retailer's stock worth $592,000 after buying an additional 355 shares during the period. Moors & Cabot Inc. lifted its stake in Ross Stores by 2.9% in the second quarter. Moors & Cabot Inc. now owns 9,162 shares of the apparel retailer's stock worth $1,331,000 after acquiring an additional 260 shares during the period. Edgestream Partners L.P. purchased a new stake in Ross Stores in the second quarter worth $415,000. Virtu Financial LLC bought a new stake in Ross Stores in the second quarter valued at $747,000. Finally, Axxcess Wealth Management LLC purchased a new position in Ross Stores during the 2nd quarter valued at $474,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.
Ross Stores Stock Down 0.0 %
NASDAQ:ROST traded down $0.01 on Thursday, reaching $149.00. 2,254,554 shares of the stock traded hands, compared to its average volume of 2,209,005. The company's fifty day simple moving average is $150.08 and its 200 day simple moving average is $147.74. The company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.51 and a beta of 1.10. Ross Stores, Inc. has a 12 month low of $127.53 and a 12 month high of $163.60. 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 Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. During the same period in the previous year, the business earned $1.33 EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.
Ross Stores Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores's dividend payout ratio is currently 23.15%.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $175.00 target price on shares of Ross Stores in a research report on Monday, November 18th. Wells Fargo & Company restated an "equal weight" rating and issued a $165.00 price objective on shares of Ross Stores in a report on Friday, January 10th. TD Cowen cut their price objective on Ross Stores from $185.00 to $177.00 and set a "buy" rating on the stock in a research report on Tuesday, November 19th. Sanford C. Bernstein reissued 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. Finally, JPMorgan Chase & Co. lifted their price target on Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ross Stores presently has an average rating of "Moderate Buy" and an average price target of $171.29.
Read Our Latest Report on Ross Stores
About Ross Stores
(
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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