SG Americas Securities LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 98.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 733 shares of the apparel retailer's stock after selling 52,167 shares during the quarter. SG Americas Securities LLC's holdings in Ross Stores were worth $111,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. ORG Partners LLC increased its position in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock valued at $36,000 after buying an additional 191 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Ross Stores in the third quarter valued at $53,000. Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores in the third quarter valued at $59,000. AM Squared Ltd purchased a new stake in Ross Stores during the 3rd quarter worth about $60,000. Finally, Bruce G. Allen Investments LLC increased its position in Ross Stores by 227.6% during the 4th quarter. Bruce G. Allen Investments LLC now owns 416 shares of the apparel retailer's stock worth $63,000 after purchasing an additional 289 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company's stock.
Ross Stores Trading Down 1.2 %
Shares of NASDAQ ROST traded down $1.68 during midday trading on Friday, hitting $138.76. The stock had a trading volume of 2,350,592 shares, compared to its average volume of 2,229,993. The company has a market capitalization of $45.78 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.22 and a beta of 1.10. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year 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. The company has a fifty day moving average price of $149.53 and a 200 day moving average price of $147.91.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 EPS. On average, analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.
Ross Stores Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.3675 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 annualized dividend and a yield of 1.06%. Ross Stores's dividend payout ratio is presently 23.15%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. TD Cowen dropped their price objective on Ross Stores from $185.00 to $177.00 and set a "buy" rating for the company in a research report on Tuesday, November 19th. Sanford C. Bernstein reiterated a "market perform" rating and set a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Guggenheim reiterated a "buy" rating and set a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Morgan Stanley reiterated an "equal weight" rating and set a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company reiterated 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 analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ross Stores currently has an average rating of "Moderate Buy" and an average price target of $169.06.
Check Out Our Latest Research Report on ROST
Ross Stores Profile
(
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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