Strengthening Families & Communities LLC Has $108,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Strengthening Families & Communities LLC trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST) by 96.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 715 shares of the apparel retailer’s stock after selling 18,628 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Ross Stores were worth $108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROST. Oak Ridge Investments LLC grew its stake in shares of Ross Stores by 10.6% in the 4th quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock valued at $17,524,000 after buying an additional 11,060 shares during the period. Nordea Investment Management AB grew its stake in Ross Stores by 137.7% in the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after acquiring an additional 1,144,774 shares during the period. Czech National Bank increased its holdings in shares of Ross Stores by 5.9% during the fourth quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock valued at $10,881,000 after acquiring an additional 3,981 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Ross Stores by 10.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,822 shares of the apparel retailer’s stock worth $6,780,000 after purchasing an additional 4,334 shares during the period. Finally, Algert Global LLC lifted its holdings in shares of Ross Stores by 917.2% in the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock worth $4,440,000 after purchasing an additional 26,598 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ROST has been the subject of a number of recent research reports. Wells Fargo & Company restated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. TD Cowen decreased their target price on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Guggenheim reissued a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Trading Down 0.3 %

Shares of ROST stock opened at $142.13 on Tuesday. 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 firm has a market cap of $46.89 billion, a P/E ratio of 22.38, a PEG ratio of 2.22 and a beta of 1.10. The company has a 50 day moving average of $151.04 and a 200-day moving average of $148.00. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.15 billion. During the same period last year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side analysts anticipate 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. This represents a $1.47 annualized dividend and a yield of 1.03%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

About Ross Stores

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.