CX Institutional Has $390,000 Holdings in Ross Stores, Inc. (NASDAQ:ROST)

CX Institutional increased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,578 shares of the apparel retailer’s stock after buying an additional 295 shares during the quarter. CX Institutional’s holdings in Ross Stores were worth $390,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ross Stores in the 2nd quarter valued at about $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ross Stores in the 3rd quarter valued at about $33,000. ORG Partners LLC raised its stake in shares of Ross Stores by 434.1% in 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 during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Ross Stores in the 3rd quarter valued at about $53,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Ross Stores in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $140.00 target price (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and issued a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $165.00 target price on shares of Ross Stores in a research report on Friday, January 10th. TD Cowen lowered their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Stock Up 0.5 %

Shares of NASDAQ:ROST opened at $149.28 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a market capitalization of $49.25 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10. The company has a fifty day moving average of $151.12 and a 200-day moving average of $147.93.

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

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.3675 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 0.98%. Ross Stores’s dividend payout ratio (DPR) is currently 23.15%.

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.