Leo Wealth LLC Sells 71 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Leo Wealth LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,646 shares of the apparel retailer’s stock after selling 71 shares during the quarter. Leo Wealth LLC’s holdings in Ross Stores were worth $551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROST. Peapack Gladstone Financial Corp grew its holdings in Ross Stores by 1.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock worth $588,000 after acquiring an additional 70 shares during the last quarter. Howe & Rusling Inc. increased its holdings in shares of Ross Stores by 1.9% in the third quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock valued at $600,000 after purchasing an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock worth $71,000 after purchasing an additional 76 shares during the last quarter. Alhambra Investment Management LLC lifted its holdings in Ross Stores by 5.2% during the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock worth $234,000 after buying an additional 76 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in Ross Stores by 5.2% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock valued at $261,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $142.59 on Friday. The company has a fifty day moving average price of $151.28 and a 200 day moving average price of $147.95. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The firm has a market cap of $47.04 billion, a PE ratio of 22.46, a PEG ratio of 2.49 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the firm earned $1.33 EPS. Ross Stores’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a $0.3675 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 annualized dividend and a yield of 1.03%. Ross Stores’s payout ratio is currently 23.15%.

Analyst Ratings Changes

ROST has been the topic of several recent research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. TD Cowen reduced their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a report on Friday, January 10th. Finally, Evercore ISI upped their price target on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Eight research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $169.06.

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.