Kathmere Capital Management LLC Invests $210,000 in Ross Stores, Inc. (NASDAQ:ROST)

Kathmere Capital Management LLC bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,391 shares of the apparel retailer’s stock, valued at approximately $210,000.

Several other large investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Ross Stores by 64.0% in the 3rd 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 during the period. Nordea Investment Management AB lifted its position in Ross Stores by 137.7% in the fourth 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 last quarter. Public Sector Pension Investment Board boosted its stake in Ross Stores by 4,787.8% during the third quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after buying an additional 616,860 shares during the period. AQR Capital Management LLC increased its position in Ross Stores by 59.4% during the second quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock valued at $183,263,000 after acquiring an additional 469,717 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Ross Stores by 24.2% in the second quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock valued at $291,734,000 after acquiring an additional 390,518 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Trading Down 0.0 %

Shares of NASDAQ ROST opened at $149.00 on Friday. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The business has a fifty day moving average price of $150.08 and a 200 day moving average price of $147.74. The stock has a market capitalization of $49.16 billion, a P/E ratio of 23.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.15 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Equities research analysts expect 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. Shareholders of record on Tuesday, December 10th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio is currently 23.15%.

Analysts Set New Price Targets

A number of research firms recently commented on ROST. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.29.

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.