Strengthening Families & Communities LLC Has $108,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Strengthening Families & Communities LLC reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 96.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 715 shares of the apparel retailer’s stock after selling 18,628 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Ross Stores were worth $108,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its stake in Ross Stores by 64.0% during the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after buying an additional 1,507,922 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after acquiring an additional 1,144,774 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Ross Stores by 4,787.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after acquiring an additional 616,860 shares in the last quarter. Sarasin & Partners LLP bought a new position in Ross Stores in the fourth quarter valued at approximately $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in Ross Stores by 478.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer’s stock valued at $60,235,000 after purchasing an additional 331,007 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ROST. Evercore ISI raised their target price on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley reiterated 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. TD Cowen dropped 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. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price objective (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Trading Down 0.3 %

Shares of ROST stock opened at $142.13 on Tuesday. The stock has a 50-day moving average of $151.04 and a 200-day moving average of $148.00. 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 $46.89 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.22 and a beta of 1.10. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $5.15 billion. During the same quarter last year, the business earned $1.33 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current 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 of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 1.03%. Ross Stores’s dividend payout ratio (DPR) is currently 23.15%.

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.