Vinva Investment Management Ltd Has $9.87 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Vinva Investment Management Ltd trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 28.5% in the fourth quarter, HoldingsChannel reports. The firm owned 65,129 shares of the apparel retailer’s stock after selling 25,922 shares during the period. Vinva Investment Management Ltd’s holdings in Ross Stores were worth $9,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC increased its holdings in 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 purchasing an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in Ross Stores during the 4th quarter valued at $31,000. ORG Partners LLC increased its holdings in 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 purchasing an additional 191 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Ross Stores during the 4th quarter valued at $51,000. Finally, Oakworth Capital Inc. bought a new position in Ross Stores in the 4th quarter valued at $57,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ROST. TD Cowen decreased their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Wells Fargo & Company reiterated a “negative” rating on shares of Ross Stores in a research report on Wednesday, March 5th. Telsey Advisory Group decreased their price objective on Ross Stores from $175.00 to $150.00 and set a “market perform” rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $161.40.

Ross Stores Stock Down 1.5 %

NASDAQ:ROST opened at $123.71 on Wednesday. Ross Stores, Inc. has a 1 year low of $122.77 and a 1 year high of $163.60. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock has a market cap of $40.82 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.13 and a beta of 1.15. The stock has a 50-day moving average price of $141.70 and a two-hundred day moving average price of $146.15.

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

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.31%. This is a boost from Ross Stores’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, March 18th. Ross Stores’s payout ratio is presently 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.