Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,161 shares of the apparel retailer’s stock after selling 327 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Ross Stores were worth $932,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Clean Yield Group lifted its stake in Ross Stores by 14.2% during the 4th quarter. Clean Yield Group now owns 26,497 shares of the apparel retailer’s stock valued at $4,008,000 after acquiring an additional 3,295 shares during the period. Wedmont Private Capital lifted its position in Ross Stores by 5.5% during the fourth quarter. Wedmont Private Capital now owns 5,880 shares of the apparel retailer’s stock valued at $892,000 after purchasing an additional 305 shares during the period. Czech National Bank grew its position in Ross Stores by 5.9% during the 4th quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock worth $10,881,000 after purchasing an additional 3,981 shares during the period. Graypoint LLC grew its position in Ross Stores by 2.5% during the 4th quarter. Graypoint LLC now owns 4,081 shares of the apparel retailer’s stock worth $617,000 after purchasing an additional 99 shares during the period. Finally, Bruce G. Allen Investments LLC lifted its holdings in shares of Ross Stores by 227.6% in the 4th quarter. Bruce G. Allen Investments LLC now owns 416 shares of the apparel retailer’s stock valued at $63,000 after buying an additional 289 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 0.4 %

Shares of NASDAQ ROST opened at $151.16 on Tuesday. 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 company has a 50-day moving average of $149.73 and a 200 day moving average of $147.70. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. The stock has a market cap of $49.87 billion, a PE ratio of 23.80, a P/E/G ratio of 2.54 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. As a group, sell-side analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal 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 was Tuesday, December 10th. Ross Stores’s payout ratio is currently 23.15%.

Wall Street Analyst Weigh In

ROST has been the topic of several analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. TD Cowen cut their target price on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Guggenheim reissued a “buy” rating and set a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their price objective for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, Evercore ISI increased their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $171.29.

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.