Clean Yield Group Grows Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Clean Yield Group boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 14.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,497 shares of the apparel retailer’s stock after purchasing an additional 3,295 shares during the period. Ross Stores comprises 1.3% of Clean Yield Group’s holdings, making the stock its 23rd largest position. Clean Yield Group’s holdings in Ross Stores were worth $4,008,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its stake in shares of Ross Stores by 64.0% in the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after buying an additional 1,507,922 shares during the period. Nordea Investment Management AB boosted its stake in Ross Stores by 137.7% in the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after purchasing an additional 1,144,774 shares during the period. Public Sector Pension Investment Board increased its position in shares of Ross Stores by 4,787.8% during the third quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after buying an additional 616,860 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Ross Stores by 59.4% in the second quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock worth $183,263,000 after buying an additional 469,717 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in Ross Stores by 24.2% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock worth $291,734,000 after purchasing an additional 390,518 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 0.4 %

NASDAQ:ROST traded down $0.66 during mid-day trading on Monday, hitting $151.08. 1,045,112 shares of the company’s stock were exchanged, compared to its average volume of 2,060,064. The company has a market cap of $49.85 billion, a PE ratio of 23.79, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The business has a fifty day moving average price of $149.52 and a 200 day moving average price of $147.67.

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

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is 23.15%.

Wall Street Analysts Forecast Growth

ROST has been the subject of a number of research analyst reports. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research report on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research report on Friday. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 price objective (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.29.

Ross Stores Company 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.