Entropy Technologies LP bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,402 shares of the apparel retailer's stock, valued at approximately $4,901,000.
Other large investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. bought a new stake in shares of Ross Stores in the third quarter valued at approximately $33,000. ORG Partners LLC raised its holdings in Ross Stores by 434.1% during 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 during the period. Ashton Thomas Securities LLC bought a new stake in Ross Stores during the 3rd quarter valued at $53,000. Oakworth Capital Inc. purchased a new stake in shares of Ross Stores during the fourth quarter worth $57,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores in the third quarter valued at $59,000. Hedge funds and other institutional investors own 86.86% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on ROST shares. 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 research note on Friday, November 22nd. Citigroup downgraded Ross Stores from a "buy" rating to a "neutral" rating and dropped their price target for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Guggenheim reissued a "buy" rating and issued a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ross Stores currently has an average rating of "Moderate Buy" and a consensus price target of $169.06.
Get Our Latest Report on Ross Stores
Ross Stores Stock Performance
NASDAQ:ROST traded down $1.72 on Wednesday, hitting $139.55. The stock had a trading volume of 1,887,977 shares, compared to its average volume of 2,316,614. The business's 50-day simple moving average is $150.50 and its two-hundred day simple moving average is $148.01. The stock has a market cap of $46.04 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.
Ross Stores (NASDAQ:ROST - Get Free Report) last announced its 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 company had revenue of $5.10 billion for 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 revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $1.33 EPS. As a group, research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.
Ross Stores Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores's dividend payout ratio (DPR) is 23.15%.
Ross Stores Company Profile
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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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