West Wealth Group LLC Has $411,000 Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

West Wealth Group LLC boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,715 shares of the apparel retailer’s stock after purchasing an additional 91 shares during the quarter. West Wealth Group LLC’s holdings in Ross Stores were worth $411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new position in Ross Stores in the 2nd quarter valued at approximately $27,000. Armstrong Advisory Group Inc. acquired a new position in shares of Ross Stores during the third quarter worth $33,000. ORG Partners LLC lifted its stake in shares of Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 191 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Ross Stores in the 3rd quarter worth about $53,000. Finally, Banque Cantonale Vaudoise bought a new position in Ross Stores in the third quarter valued at about $59,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $149.28 on Monday. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week 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 business has a 50 day moving average price of $151.12 and a 200-day moving average price of $147.93. The company has a market cap of $49.25 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.48 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last announced its quarterly 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. 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 the consensus estimate of $5.15 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Ross Stores’s revenue was up 3.6% compared to the same quarter last year. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s payout ratio is currently 23.15%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Evercore ISI boosted their price target on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. TD Cowen cut their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.