State of Alaska Department of Revenue raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,655 shares of the apparel retailer’s stock after purchasing an additional 7,016 shares during the period. State of Alaska Department of Revenue’s holdings in Ross Stores were worth $14,862,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in Ross Stores by 0.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 167,409 shares of the apparel retailer’s stock valued at $16,590,000 after purchasing an additional 1,260 shares during the period. Calamos Advisors LLC grew its holdings in Ross Stores by 132.2% in the third quarter. Calamos Advisors LLC now owns 70,689 shares of the apparel retailer’s stock valued at $7,005,000 after purchasing an additional 40,241 shares during the period. Spectrum Management Group Inc. acquired a new stake in Ross Stores in the third quarter valued at approximately $801,000. Bradley Foster & Sargent Inc. CT grew its holdings in Ross Stores by 29.4% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 23,996 shares of the apparel retailer’s stock valued at $2,378,000 after purchasing an additional 5,452 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Ross Stores by 65.0% in the third quarter. Fifth Third Bancorp now owns 18,466 shares of the apparel retailer’s stock worth $1,830,000 after acquiring an additional 7,273 shares during the last quarter. 88.45% of the stock is currently owned by institutional investors.
ROST stock opened at $90.73 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $31.63 billion, a P/E ratio of 27.16, a PEG ratio of 2.04 and a beta of 0.93. Ross Stores, Inc. has a 12-month low of $73.76 and a 12-month high of $104.35.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.55 billion. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. On average, research analysts expect that Ross Stores, Inc. will post 4.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 7th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $0.90 annualized dividend and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio is presently 26.95%.
ROST has been the topic of a number of research analyst reports. BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 3rd. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Morgan Stanley lowered their price target on Ross Stores from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 23rd. Loop Capital lifted their price target on Ross Stores from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Finally, DA Davidson lowered their price target on Ross Stores to $84.00 and set an “average” rating on the stock in a research note on Wednesday, November 21st. Twelve analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.12.
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About Ross Stores
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 brands in the United States. It primarily offers 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 regular prices to customers from households with moderate income.
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