West Wealth Group LLC Acquires 91 Shares of Ross Stores, Inc. (NASDAQ:ROST)

West Wealth Group LLC grew its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,715 shares of the apparel retailer’s stock after acquiring an additional 91 shares during the quarter. West Wealth Group LLC’s holdings in Ross Stores were worth $411,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board lifted its position in Ross Stores by 66.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 12,884 shares of the apparel retailer’s stock valued at $1,872,000 after acquiring an additional 5,131 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Ross Stores in the 2nd quarter valued at about $2,603,000. Daymark Wealth Partners LLC lifted its holdings in shares of Ross Stores by 10.3% in the second quarter. Daymark Wealth Partners LLC now owns 1,815 shares of the apparel retailer’s stock valued at $264,000 after purchasing an additional 169 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Ross Stores by 10.3% during the second quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock worth $397,747,000 after buying an additional 254,720 shares during the period. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Ross Stores by 17.6% during the second quarter. SkyView Investment Advisors LLC now owns 17,123 shares of the apparel retailer’s stock worth $2,488,000 after buying an additional 2,558 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price target (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, TD Cowen reduced their price target 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. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Price Performance

Shares of ROST opened at $149.28 on Monday. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The company’s 50-day moving average is $151.12 and its 200-day moving average is $147.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a market capitalization of $49.25 billion, a PE ratio of 23.51, a PEG ratio of 2.48 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 (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the company posted $1.33 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently disclosed 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 yield of 0.98%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) 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.