KG&L Capital Management LLC Has $765,000 Holdings in Ross Stores, Inc. (NASDAQ:ROST)

KG&L Capital Management LLC increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,060 shares of the apparel retailer’s stock after purchasing an additional 380 shares during the period. KG&L Capital Management LLC’s holdings in Ross Stores were worth $765,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Oak Ridge Investments LLC increased its holdings in shares of Ross Stores by 10.6% during the fourth quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock worth $17,524,000 after buying an additional 11,060 shares in the last quarter. Nordea Investment Management AB raised its holdings in Ross Stores by 137.7% in the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after buying an additional 1,144,774 shares during the last quarter. Czech National Bank grew its holdings in Ross Stores by 5.9% during the 4th quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock worth $10,881,000 after acquiring an additional 3,981 shares during the last quarter. Algert Global LLC increased its position in Ross Stores by 917.2% in the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock valued at $4,440,000 after acquiring an additional 26,598 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Ross Stores by 10.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 44,822 shares of the apparel retailer’s stock valued at $6,780,000 after acquiring an additional 4,334 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. TD Cowen cut their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Eight equities research 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’s stock. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $150.56 on Friday. The business has a 50-day simple moving average of $151.90 and a 200 day simple moving average of $147.93. The firm has a market capitalization of $49.67 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.48 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, Inc. has a one year low of $127.53 and a one year high of $163.60.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the firm earned $1.33 earnings per share. On average, research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

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

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.