Andra AP fonden Sells 57,800 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Andra AP fonden cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 196,400 shares of the apparel retailer’s stock after selling 57,800 shares during the quarter. Andra AP fonden owned about 0.06% of Ross Stores worth $29,709,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Ross Stores by 0.5% during the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after acquiring an additional 67,861 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ross Stores by 0.4% during the third quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock valued at $1,222,915,000 after buying an additional 34,475 shares during the last quarter. FMR LLC boosted its position in shares of Ross Stores by 4.9% during the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock valued at $1,025,309,000 after buying an additional 316,652 shares during the last quarter. Marshfield Associates boosted its position in shares of Ross Stores by 0.4% during the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock valued at $588,337,000 after buying an additional 14,193 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of 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 valued at $581,373,000 after buying an additional 1,507,922 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROST has been the topic of several recent analyst reports. Evercore ISI dropped their price objective on Ross Stores from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley dropped their price objective on Ross Stores from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Wednesday. TD Cowen dropped their price objective 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. JPMorgan Chase & Co. increased their price objective on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 target price (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.07.

Ross Stores Stock Down 0.5 %

ROST stock opened at $137.89 on Friday. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a market cap of $45.49 billion, a P/E ratio of 21.71, a PEG ratio of 2.13 and a beta of 1.10. The business’s 50-day moving average price is $145.71 and its 200-day moving average price is $147.57.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, March 18th. This is an increase from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s dividend payout ratio (DPR) is 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.