Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 61.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 183 shares of the apparel retailer’s stock after selling 297 shares during the period. Raleigh Capital Management Inc.’s holdings in Ross Stores were worth $28,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ROST. Wellington Management Group LLP boosted its stake in shares of Ross Stores by 64.0% during the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after buying an additional 1,507,922 shares during the period. Nordea Investment Management AB boosted its stake 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 buying an additional 1,144,774 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Ross Stores by 4,787.8% during the third quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after buying an additional 616,860 shares during the period. Sarasin & Partners LLP acquired a new stake in shares of Ross Stores during the fourth quarter worth about $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Ross Stores by 478.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer’s stock worth $60,235,000 after buying an additional 331,007 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

ROST stock opened at $149.28 on Friday. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year 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 stock’s 50 day moving average price is $150.95 and its 200 day moving average price is $147.90. The firm has a market cap of $49.25 billion, a P/E ratio of 23.51, a PEG ratio of 2.48 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $5.15 billion. During the same quarter in the prior year, the company earned $1.33 EPS. Ross Stores’s revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s payout ratio is currently 23.15%.

Analyst Ratings Changes

ROST has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. TD Cowen reduced 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 report on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday. Eight equities research 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 company’s stock. Based on data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average 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.