Perfromance Wealth Partners LLC Sells 200 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Perfromance Wealth Partners LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 4.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,678 shares of the apparel retailer’s stock after selling 200 shares during the period. Perfromance Wealth Partners LLC’s holdings in Ross Stores were worth $708,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Oak Ridge Investments LLC raised its stake in Ross Stores by 10.6% in the 4th quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock valued at $17,524,000 after acquiring an additional 11,060 shares during the period. Nordea Investment Management AB increased its position in Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after buying an additional 1,144,774 shares during the period. Czech National Bank increased its position in Ross Stores by 5.9% during the 4th quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock worth $10,881,000 after buying an additional 3,981 shares during the period. Algert Global LLC increased its position in Ross Stores by 917.2% during the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock worth $4,440,000 after buying an additional 26,598 shares during the period. Finally, Retirement Systems of Alabama increased its position in Ross Stores by 251.7% during the 3rd quarter. Retirement Systems of Alabama now owns 260,126 shares of the apparel retailer’s stock worth $39,152,000 after buying an additional 186,161 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday. Finally, JPMorgan Chase & Co. increased their target price on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Performance

NASDAQ:ROST opened at $148.94 on Wednesday. The stock’s 50-day simple moving average is $150.47 and its 200 day simple moving average is $147.86. The firm has a market capitalization of $49.14 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data 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. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the firm posted $1.33 earnings per share. Ross Stores’s revenue was up 3.6% compared to the same quarter last year. On average, analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

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

Ross Stores 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.