M&T Bank Corp Has $5.84 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

M&T Bank Corp decreased its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,584 shares of the apparel retailer's stock after selling 3,700 shares during the quarter. M&T Bank Corp's holdings in Ross Stores were worth $5,837,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. State Street Corp boosted its holdings in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer's stock valued at $2,127,802,000 after purchasing an additional 67,861 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ross Stores by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer's stock valued at $1,222,915,000 after purchasing an additional 34,475 shares during the last quarter. FMR LLC boosted its holdings in Ross Stores by 4.9% in the 3rd quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer's stock valued at $1,025,309,000 after purchasing an additional 316,652 shares during the last quarter. Marshfield Associates raised its stake in shares of Ross Stores by 0.4% in the 3rd quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer's stock valued at $588,337,000 after acquiring an additional 14,193 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Ross Stores by 64.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer's stock valued at $581,373,000 after acquiring an additional 1,507,922 shares during the period. Institutional investors and hedge funds own 86.86% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ROST shares. Guggenheim reaffirmed a "buy" rating and set a $180.00 target price on shares of Ross Stores in a research note on Friday, November 22nd. UBS Group lowered their target price on shares of Ross Stores from $168.00 to $163.00 and set a "neutral" rating for the company in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Morgan Stanley cut their price objective on shares of Ross Stores from $140.00 to $130.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ross Stores currently has an average rating of "Moderate Buy" and an average target price of $163.07.

Ross Stores Price Performance

Shares of NASDAQ:ROST traded down $1.93 during trading hours on Friday, hitting $135.96. 4,252,671 shares of the company's stock traded hands, compared to its average volume of 2,583,287. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week 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. The company's fifty day simple moving average is $145.37 and its two-hundred day simple moving average is $147.49. The company has a market cap 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.

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

Ross Stores Increases Dividend

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

Ross Stores Company 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.