Canoe Financial LP raised its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 636,557 shares of the apparel retailer's stock after acquiring an additional 110,234 shares during the quarter. Ross Stores comprises 1.4% of Canoe Financial LP's portfolio, making the stock its 27th largest position. Canoe Financial LP owned approximately 0.19% of Ross Stores worth $96,292,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ross Stores in the 2nd quarter valued at approximately $27,000. Armstrong Advisory Group Inc. bought a new stake in Ross Stores in the third quarter valued at approximately $33,000. ORG Partners LLC raised its holdings in Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 191 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Ross Stores during the third quarter worth $53,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ross Stores in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 86.86% of the company's stock.
Ross Stores Stock Up 0.1 %
ROST traded up $0.15 during trading on Friday, reaching $149.15. 3,011,200 shares of the stock were exchanged, compared to its average volume of 1,873,334. The stock has a market cap of $49.21 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. The stock's 50 day moving average price is $150.33 and its two-hundred day moving average price is $147.80. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. 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 (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to analysts' expectations of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Ross Stores's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. Equities analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.
Ross Stores Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.3675 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.99%. Ross Stores's dividend payout ratio is currently 23.15%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on ROST. Telsey Advisory Group reiterated a "market perform" rating and set a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Sanford C. Bernstein reissued a "market perform" rating and set a $165.00 target price (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. StockNews.com lowered shares of Ross Stores from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Finally, TD Cowen lowered their price objective 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. Seven investment 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 stock. Based on data from MarketBeat.com, Ross Stores has a consensus rating of "Moderate Buy" and a consensus price target of $171.29.
Check Out Our Latest Stock 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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