Oppenheimer & Co. Inc. Invests $250,000 in Ross Stores, Inc. (NASDAQ:ROST)

Oppenheimer & Co. Inc. acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,217 shares of the apparel retailer’s stock, valued at approximately $250,000.

Other hedge funds also recently bought and sold shares of the company. First Capital Advisors Group LLC. purchased a new stake in Ross Stores during the second quarter valued at about $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $29,000. Quarry LP purchased a new stake in shares of Ross Stores in the first quarter worth approximately $29,000. Clearstead Advisors LLC lifted its position in shares of Ross Stores by 458.0% in the third quarter. Clearstead Advisors LLC now owns 279 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 229 shares in the last quarter. Finally, Steward Financial Group LLC lifted its position in shares of Ross Stores by 164.1% in the third quarter. Steward Financial Group LLC now owns 338 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 210 shares in the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROST shares. Wells Fargo & Company increased their price target on shares of Ross Stores from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, December 22nd. BMO Capital Markets increased their price objective on Ross Stores from $127.00 to $138.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Telsey Advisory Group restated a “market perform” rating and issued a $130.00 price objective on shares of Ross Stores in a report on Monday, November 13th. Gordon Haskett upgraded Ross Stores from an “accumulate” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Friday, November 3rd. Finally, Morgan Stanley increased their price target on Ross Stores from $131.00 to $137.00 and gave the company an “overweight” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.05.

Get Our Latest Research Report on Ross Stores

Ross Stores Stock Down 0.3 %

Shares of ROST stock opened at $145.41 on Tuesday. The stock has a market cap of $48.96 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 2.11 and a beta of 1.04. Ross Stores, Inc. has a one year low of $99.00 and a one year high of $146.42. The stock has a fifty day moving average price of $137.86 and a 200 day moving average price of $125.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.70 and a quick ratio of 1.11.

Ross Stores (NASDAQ:ROSTGet Free Report) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $1.33 EPS for the quarter, topping the consensus estimate of $1.22 by $0.11. The firm had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $4.84 billion. Ross Stores had a return on equity of 38.83% and a net margin of 8.75%. Ross Stores’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. Analysts predict that Ross Stores, Inc. will post 5.36 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 5th were issued a dividend of $0.335 per share. The ex-dividend date was Monday, December 4th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 0.92%. Ross Stores’s payout ratio is presently 26.53%.

Ross Stores Profile

(Free Report)

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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

Further Reading

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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