Adero Partners LLC Increases Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Adero Partners LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,459 shares of the apparel retailer’s stock after purchasing an additional 113 shares during the period. Adero Partners LLC’s holdings in Ross Stores were worth $221,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Armstrong Advisory Group Inc. purchased a new position in shares of Ross Stores during the 3rd quarter valued at about $33,000. ORG Partners LLC lifted its position in shares of Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 191 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Ross Stores during the 3rd quarter valued at about $53,000. Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores during the 3rd quarter valued at about $59,000. Finally, AM Squared Ltd purchased a new position in shares of Ross Stores during the 3rd quarter valued at about $60,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 price objective (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 price target (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Eight 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Performance

NASDAQ ROST opened at $145.02 on Friday. The company has a market cap of $47.85 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.49 and a beta of 1.10. 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 business’s 50 day moving average price is $151.48 and its 200-day moving average price is $147.97. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60.

Ross Stores (NASDAQ:ROST) last released its 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. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. Sell-side analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio is currently 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.