1,380 Shares in Ross Stores, Inc. (NASDAQ:ROST) Acquired by Mill Creek Capital Advisors LLC

Mill Creek Capital Advisors LLC acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,380 shares of the apparel retailer’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROST. State Street Corp grew its position in shares of Ross Stores by 0.5% in the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after purchasing an additional 67,861 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ross Stores by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock valued at $1,222,915,000 after buying an additional 34,475 shares in the last quarter. FMR LLC grew its holdings in Ross Stores by 4.9% during the 3rd quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock valued at $1,025,309,000 after buying an additional 316,652 shares during the last quarter. Marshfield Associates increased its position in Ross Stores by 0.4% during the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock worth $588,337,000 after buying an additional 14,193 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in Ross Stores by 64.0% during the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after buying an additional 1,507,922 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

NASDAQ ROST opened at $141.27 on Wednesday. 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, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The firm has a market capitalization of $46.61 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.22 and a beta of 1.10. The business’s 50-day simple moving average is $150.75 and its 200-day simple moving average is $148.01.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data 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 net margin of 9.95% and a return on equity of 41.83%. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. Ross Stores’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased their price objective on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Guggenheim reissued a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Evercore ISI raised their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.