Brooklyn Investment Group Acquires 217 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Brooklyn Investment Group boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,549 shares of the apparel retailer’s stock after purchasing an additional 217 shares during the quarter. Brooklyn Investment Group’s holdings in Ross Stores were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROST. Nordea Investment Management AB grew its holdings in 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 valued at $299,583,000 after buying an additional 1,144,774 shares in the last quarter. Czech National Bank grew its stake in Ross Stores by 5.9% during the fourth quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock valued at $10,881,000 after acquiring an additional 3,981 shares in the last quarter. Algert Global LLC increased its holdings in Ross Stores by 917.2% in the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock valued at $4,440,000 after acquiring an additional 26,598 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Ross Stores by 251.7% in the 3rd quarter. Retirement Systems of Alabama now owns 260,126 shares of the apparel retailer’s stock worth $39,152,000 after purchasing an additional 186,161 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Ross Stores by 48.8% during the 3rd quarter. Quantinno Capital Management LP now owns 49,523 shares of the apparel retailer’s stock valued at $7,454,000 after purchasing an additional 16,248 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 0.1 %

Shares of ROST opened at $149.15 on Friday. The firm has a fifty day moving average price of $150.33 and a 200-day moving average price of $147.77. 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 firm has a market capitalization of $49.21 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.51 and a beta of 1.10. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60.

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

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio is currently 23.15%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $165.00 target price (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Finally, Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Seven equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $171.29.

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 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.