Point72 Asset Management L.P. lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,576 shares of the apparel retailer’s stock after selling 72,178 shares during the period. Point72 Asset Management L.P.’s holdings in Ross Stores were worth $18,578,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Princeton Global Asset Management LLC acquired a new position in Ross Stores in the fourth quarter valued at $25,000. Savior LLC acquired a new position in shares of Ross Stores in the 4th quarter valued at about $28,000. Solstein Capital LLC purchased a new stake in shares of Ross Stores during the 4th quarter worth about $29,000. Fred Alger Management LLC grew its holdings in shares of Ross Stores by 111.1% during the 4th quarter. Fred Alger Management LLC now owns 285 shares of the apparel retailer’s stock worth $33,000 after purchasing an additional 150 shares during the period. Finally, Busey Wealth Management purchased a new stake in shares of Ross Stores during the 4th quarter worth about $35,000. 86.20% of the stock is currently owned by institutional investors.

NASDAQ:ROST traded up $4.31 during trading hours on Thursday, reaching $85.60. 5,436,465 shares of the stock were exchanged, compared to its average volume of 2,987,652. The company has a quick ratio of 0.59, a current ratio of 1.27 and a debt-to-equity ratio of 0.87. The firm has a 50 day simple moving average of $104.12 and a 200-day simple moving average of $110.75. Ross Stores, Inc. has a 52 week low of $56.30 and a 52 week high of $124.16. The stock has a market capitalization of $25.69 billion, a P/E ratio of 18.61, a P/E/G ratio of 1.49 and a beta of 0.71.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.02. Ross Stores had a return on equity of 50.11% and a net margin of 10.36%. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the company posted $1.20 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts expect that Ross Stores, Inc. will post 4.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from Ross Stores’s previous quarterly dividend of $0.26. The ex-dividend date is Monday, March 16th. Ross Stores’s dividend payout ratio is 24.89%.

Several research firms recently commented on ROST. MKM Partners restated a “buy” rating and issued a $124.00 price target (up previously from $121.00) on shares of Ross Stores in a report on Wednesday, March 4th. Telsey Advisory Group reissued a “market perform” rating on shares of Ross Stores in a research report on Monday, March 2nd. Robert W. Baird reissued a “buy” rating and issued a $124.00 target price on shares of Ross Stores in a research note on Wednesday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Ross Stores from $129.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Finally, Loop Capital lowered their price target on Ross Stores from to in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $116.57.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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