Brooklyn Investment Group Increases Position in Ross Stores, Inc. (NASDAQ:ROST)

Brooklyn Investment Group increased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,549 shares of the apparel retailer’s stock after purchasing an additional 217 shares during the quarter. Brooklyn Investment Group’s holdings in Ross Stores were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp lifted its position in shares of Ross Stores by 0.5% during the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after buying an additional 67,861 shares during the last quarter. Geode Capital Management LLC lifted its position in Ross Stores by 0.4% during the third quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock valued at $1,222,915,000 after acquiring an additional 34,475 shares during the last quarter. FMR LLC boosted its stake in Ross Stores by 4.9% in the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock valued at $1,025,309,000 after acquiring an additional 316,652 shares in the last quarter. Marshfield Associates grew its holdings in Ross Stores by 0.4% in the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock worth $588,337,000 after purchasing an additional 14,193 shares during the last quarter. Finally, Wellington Management Group LLP increased 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 worth $581,373,000 after purchasing an additional 1,507,922 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 0.1 %

Ross Stores stock opened at $149.15 on Friday. The business’s 50-day moving average price is $150.33 and its 200 day moving average price is $147.77. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The firm has a market cap of $49.21 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the company earned $1.33 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio (DPR) is currently 23.15%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ROST. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. Sanford C. Bernstein restated a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Guggenheim reiterated a “buy” rating and issued a $180.00 target price on shares of Ross Stores in a research note on Friday, November 22nd. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $171.29.

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.