Bogart Wealth LLC Sells 117 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Bogart Wealth LLC trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,214 shares of the apparel retailer’s stock after selling 117 shares during the quarter. Bogart Wealth LLC’s holdings in Ross Stores were worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC grew its holdings in Ross Stores by 434.1% during the 4th 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 bought a new stake in shares of Ross Stores during the third quarter valued at approximately $53,000. Oakworth Capital Inc. acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $57,000. Banque Cantonale Vaudoise bought a new position in Ross Stores in the 3rd quarter worth approximately $59,000. Finally, AM Squared Ltd acquired a new position in Ross Stores during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

ROST has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 target price on shares of Ross Stores in a research note on Friday, January 10th. 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. Sanford C. Bernstein reissued a “market perform” rating and set a $165.00 price objective (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their target price for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Finally, StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Price Performance

Shares of ROST opened at $140.44 on Friday. The stock has a 50 day simple moving average of $150.21 and a 200 day simple moving average of $147.95. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The firm has a market capitalization of $46.34 billion, a PE ratio of 22.12, a P/E/G ratio of 2.22 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 earnings per share 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 company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend 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.