Perfromance Wealth Partners LLC Sells 200 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Perfromance Wealth Partners LLC reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,678 shares of the apparel retailer’s stock after selling 200 shares during the quarter. Perfromance Wealth Partners LLC’s holdings in Ross Stores were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROST. Wellington Management Group LLP increased its stake in shares of Ross Stores by 64.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after acquiring an additional 1,507,922 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Ross Stores by 137.7% in 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 acquiring an additional 1,144,774 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Ross Stores by 4,787.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after acquiring an additional 616,860 shares during the last quarter. Sarasin & Partners LLP bought a new stake in shares of Ross Stores in the 4th quarter valued at about $86,732,000. Finally, AQR Capital Management LLC increased its stake in shares of Ross Stores by 59.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock valued at $183,263,000 after acquiring an additional 469,717 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Trading Down 0.1 %

Shares of Ross Stores stock opened at $148.94 on Wednesday. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. The stock has a market cap of $49.14 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.47 and a beta of 1.10. 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’s 50 day moving average is $150.47 and its 200-day moving average is $147.86.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) 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 company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the prior year, the business posted $1.33 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed 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. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio is currently 23.15%.

Analyst Ratings Changes

ROST has been the subject of a number of recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $165.00 price objective (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. 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. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores 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.