Poinciana Advisors Group LLC Buys Shares of 2,089 Ross Stores, Inc. (NASDAQ:ROST)

Poinciana Advisors Group LLC acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,089 shares of the apparel retailer's stock, valued at approximately $316,000.

Other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in shares of Ross Stores by 152.9% during the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock valued at $27,000 after buying an additional 107 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ross Stores during the 4th quarter valued at $31,000. ORG Partners LLC grew its stake in shares of 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 buying an additional 191 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Ross Stores during the 4th quarter valued at $51,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ross Stores during the 4th quarter valued at $57,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on ROST shares. JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Barclays set a $150.00 price objective on shares of Ross Stores in a report on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of Ross Stores from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Morgan Stanley cut their price objective on shares of Ross Stores from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 5th. Finally, Telsey Advisory Group cut their price objective on shares of Ross Stores from $175.00 to $150.00 and set a "market perform" rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ross Stores currently has a consensus rating of "Moderate Buy" and an average target price of $161.40.

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Ross Stores Stock Performance

Shares of NASDAQ:ROST traded up $2.24 during trading hours on Wednesday, hitting $125.95. The stock had a trading volume of 5,331,164 shares, compared to its average volume of 2,398,132. The stock's fifty day simple moving average is $141.70 and its 200 day simple moving average is $146.15. Ross Stores, Inc. has a 1-year low of $122.77 and a 1-year high of $163.60. The firm has a market capitalization of $41.55 billion, a price-to-earnings ratio of 19.83, a PEG 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 (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. The business had revenue of $5.91 billion during the quarter, compared to analysts' expectations of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. Sell-side analysts anticipate 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. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.405 per share. The ex-dividend date of this dividend 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 dividend yield of 1.29%. Ross Stores's payout ratio is 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.