Thomasville National Bank Has $364,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Thomasville National Bank reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 11.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,404 shares of the apparel retailer’s stock after selling 296 shares during the quarter. Thomasville National Bank’s holdings in Ross Stores were worth $364,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in Ross Stores in the second quarter valued at $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ross Stores in the third quarter valued at about $33,000. ORG Partners LLC raised its position in shares of Ross Stores by 434.1% during the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 191 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Ross Stores in the third quarter worth approximately $53,000. Finally, Banque Cantonale Vaudoise bought a new stake in Ross Stores in the third quarter valued at approximately $59,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $151.16 on Tuesday. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week 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 business has a 50 day moving average price of $149.73 and a 200-day moving average price of $147.70. The company has a market cap of $49.87 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Ross Stores’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROST. Wells Fargo & Company restated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a report on Friday. Telsey Advisory Group restated a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. TD Cowen lowered their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. StockNews.com downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. raised their target price on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $171.29.

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.