Quotient Wealth Partners LLC Has $308,000 Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Quotient Wealth Partners LLC cut its position in Ross Stores, Inc. (NASDAQ:ROST) by 3.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,035 shares of the apparel retailer’s stock after selling 71 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Ross Stores were worth $308,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $4,901,000. Kingsview Wealth Management LLC boosted its stake in Ross Stores by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 2,983 shares of the apparel retailer’s stock worth $451,000 after purchasing an additional 89 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Ross Stores by 5.7% during the fourth quarter. Apollon Wealth Management LLC now owns 18,483 shares of the apparel retailer’s stock worth $2,796,000 after purchasing an additional 1,004 shares during the last quarter. NatWest Group plc increased its stake in shares of Ross Stores by 2.0% in the fourth quarter. NatWest Group plc now owns 43,294 shares of the apparel retailer’s stock valued at $6,549,000 after buying an additional 860 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new position in shares of Ross Stores in the fourth quarter valued at about $1,151,000. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ROST. JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Finally, Evercore ISI upped their price target on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Performance

ROST stock opened at $142.59 on Monday. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The business’s 50-day moving average price is $151.04 and its two-hundred day moving average price is $147.96. The firm has a market cap of $47.04 billion, a PE ratio of 22.46, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the firm earned $1.33 EPS. Ross Stores’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts forecast 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. Investors of record on Tuesday, December 10th were paid a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s payout ratio is presently 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.