Leo Wealth LLC Has $551,000 Stake in Ross Stores, Inc. (NASDAQ:ROST)

Leo Wealth LLC lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,646 shares of the apparel retailer’s stock after selling 71 shares during the quarter. Leo Wealth LLC’s holdings in Ross Stores were worth $551,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Armstrong Advisory Group Inc. acquired a new stake in Ross Stores during the third quarter valued at $33,000. ORG Partners LLC grew 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 buying an additional 191 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Ross Stores in the third quarter worth approximately $53,000. Oakworth Capital Inc. acquired a new stake in Ross Stores in the fourth quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ross Stores during the 3rd quarter worth $59,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 1.7 %

Shares of Ross Stores stock opened at $142.59 on Friday. The company’s fifty day moving average price is $151.28 and its two-hundred day moving average price is $147.95. The firm has a market capitalization of $47.04 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.49 and a beta of 1.10. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. 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 (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 annualized dividend and a yield of 1.03%. Ross Stores’s dividend payout ratio is currently 23.15%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a report on Friday, January 10th. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Guggenheim reaffirmed a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research note on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.06.

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.