Cyndeo Wealth Partners LLC Reduces Position in Ross Stores, Inc. (NASDAQ:ROST)

Cyndeo Wealth Partners LLC decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 7.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the apparel retailer’s stock after selling 101 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Ross Stores were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROST. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Ross Stores in the second quarter worth about $27,000. Armstrong Advisory Group Inc. acquired a new position in Ross Stores in the 3rd quarter worth approximately $33,000. ORG Partners LLC raised its position 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 buying an additional 191 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Ross Stores during the 3rd quarter valued at approximately $53,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of Ross Stores in the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ROST shares. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI upped their price objective on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Stock Performance

NASDAQ ROST opened at $149.28 on Monday. 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’s 50 day simple moving average is $151.12 and its 200-day simple moving average is $147.93. The company has a market cap of $49.25 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share 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 company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 0.98%. Ross Stores’s payout ratio 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.