Sax Wealth Advisors LLC Buys 406 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Sax Wealth Advisors LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,983 shares of the apparel retailer’s stock after acquiring an additional 406 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Ross Stores were worth $300,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its position in shares of Ross Stores by 137.7% during the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after purchasing an additional 1,144,774 shares in the last quarter. Czech National Bank lifted its holdings in Ross Stores by 5.9% during the fourth quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock worth $10,881,000 after acquiring an additional 3,981 shares in the last quarter. Algert Global LLC lifted its holdings in Ross Stores by 917.2% during the third quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock worth $4,440,000 after acquiring an additional 26,598 shares in the last quarter. Retirement Systems of Alabama grew its stake in Ross Stores by 251.7% in the third quarter. Retirement Systems of Alabama now owns 260,126 shares of the apparel retailer’s stock valued at $39,152,000 after acquiring an additional 186,161 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Ross Stores by 48.8% in the third quarter. Quantinno Capital Management LP now owns 49,523 shares of the apparel retailer’s stock worth $7,454,000 after acquiring an additional 16,248 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of ROST opened at $149.15 on Friday. The company has a market cap of $49.21 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. The firm has a 50-day moving average of $150.33 and a 200-day moving average of $147.77. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

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

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROST. Evercore ISI boosted their price objective on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their price target for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. TD Cowen dropped their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. 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 research note on Tuesday, January 7th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock 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.