Bogart Wealth LLC Has $4.12 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Bogart Wealth LLC decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 27,214 shares of the apparel retailer’s stock after selling 117 shares during the period. Bogart Wealth LLC’s holdings in Ross Stores were worth $4,117,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. ORG Partners LLC lifted 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 in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Ross Stores in the third quarter valued at about $53,000. Oakworth Capital Inc. bought a new stake in Ross Stores during the fourth quarter worth about $57,000. Banque Cantonale Vaudoise bought a new stake in Ross Stores during the third quarter worth about $59,000. Finally, AM Squared Ltd acquired a new position in Ross Stores during the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Up 0.6 %

Shares of NASDAQ:ROST opened at $140.44 on Friday. The business’s 50 day simple moving average is $150.21 and its 200 day simple moving average is $147.95. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. 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 company has a market capitalization of $46.34 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.22 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Ross Stores’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. On average, research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s payout ratio is presently 23.15%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

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.