Kathmere Capital Management LLC Acquires Shares of 1,391 Ross Stores, Inc. (NASDAQ:ROST)

Kathmere Capital Management LLC bought a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,391 shares of the apparel retailer’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock worth $2,127,802,000 after acquiring an additional 67,861 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 34,475 shares in the last quarter. FMR LLC raised its stake in shares of Ross Stores by 4.9% in the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after purchasing an additional 316,652 shares during the last quarter. Marshfield Associates lifted its holdings 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 purchasing an additional 14,193 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position 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 valued at $581,373,000 after buying an additional 1,507,922 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ROST shares. StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research report on Monday, November 18th. Finally, TD Cowen lowered their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and an average target price of $171.29.

Ross Stores Stock Performance

Shares of NASDAQ ROST opened at $149.00 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 current ratio of 1.57 and a quick ratio of 0.98. The stock has a market cap of $49.16 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. The firm has a fifty day moving average price of $150.08 and a 200-day moving average price of $147.74.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the business posted $1.33 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Ross Stores Company 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.