Glenview Trust co Sells 298 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Glenview Trust co reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,696 shares of the apparel retailer’s stock after selling 298 shares during the period. Glenview Trust co’s holdings in Ross Stores were worth $1,618,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC increased its position in Ross Stores by 152.9% during the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 107 shares during the period. BOK Financial Private Wealth Inc. acquired a new stake in Ross Stores in the 4th quarter worth $31,000. ORG Partners LLC increased its holdings in shares of 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 purchasing an additional 191 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Ross Stores during the fourth quarter valued at about $51,000. Finally, Oakworth Capital Inc. bought a new stake in shares of Ross Stores in the fourth quarter valued at about $57,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. TD Cowen lowered their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Guggenheim restated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Evercore ISI decreased their target price on shares of Ross Stores from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, Barclays set a $150.00 price target on shares of Ross Stores in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.40.

Ross Stores Stock Performance

ROST stock opened at $124.21 on Monday. Ross Stores, Inc. has a twelve month low of $122.77 and a twelve month high of $163.60. 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 company has a market cap of $40.98 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The business’s fifty day moving average is $142.85 and its 200-day moving average is $146.53.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. Equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a yield of 1.30%. Ross Stores’s payout ratio is currently 25.63%.

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.