Ross Stores, Inc. (NASDAQ:ROST) is Sather Financial Group Inc’s 7th Largest Position

Sather Financial Group Inc lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 431,838 shares of the apparel retailer’s stock after selling 3,023 shares during the period. Ross Stores makes up approximately 4.1% of Sather Financial Group Inc’s investment portfolio, making the stock its 7th biggest holding. Sather Financial Group Inc owned approximately 0.13% of Ross Stores worth $65,324,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of ROST. State Street Corp grew its holdings in shares of Ross Stores by 0.5% in the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock worth $2,127,802,000 after purchasing an additional 67,861 shares during the last quarter. Geode Capital Management LLC grew its stake in Ross Stores by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock worth $1,222,915,000 after acquiring an additional 34,475 shares in the last quarter. FMR LLC increased its position in shares of Ross Stores by 4.9% during the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after acquiring an additional 316,652 shares during the period. Marshfield Associates raised its stake in shares of Ross Stores by 0.4% during the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock valued at $588,337,000 after acquiring an additional 14,193 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Ross Stores by 64.0% in the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after purchasing an additional 1,507,922 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

ROST has been the topic of several research reports. Telsey Advisory Group restated a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a report on Monday, November 18th. TD Cowen lowered their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Evercore ISI raised their target price on shares of 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 lowered their price target for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $140.00 price objective (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Down 0.6 %

Shares of ROST stock opened at $141.27 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The firm has a market capitalization of $46.61 billion, a PE ratio of 22.25, a P/E/G ratio of 2.22 and a beta of 1.10. The stock’s 50-day simple moving average is $150.75 and its 200-day simple moving average is $148.01.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities 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 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. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.04%. Ross Stores’s payout ratio is 23.15%.

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.