Fenimore Asset Management Inc. grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,537,205 shares of the apparel retailer’s stock after purchasing an additional 25,466 shares during the period. Ross Stores comprises about 5.2% of Fenimore Asset Management Inc.’s holdings, making the stock its 2nd largest holding. Fenimore Asset Management Inc. owned approximately 0.41% of Ross Stores worth $127,895,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Moody National Bank Trust Division purchased a new position in Ross Stores during the 4th quarter valued at about $30,000. Welch Group LLC increased its holdings in Ross Stores by 18.6% during the 4th quarter. Welch Group LLC now owns 3,054 shares of the apparel retailer’s stock valued at $254,000 after purchasing an additional 478 shares during the period. Advisory Services Network LLC increased its holdings in Ross Stores by 9.0% during the 3rd quarter. Advisory Services Network LLC now owns 6,441 shares of the apparel retailer’s stock valued at $638,000 after purchasing an additional 533 shares during the period. Stratos Wealth Partners LTD. increased its holdings in Ross Stores by 8.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,516 shares of the apparel retailer’s stock valued at $745,000 after purchasing an additional 570 shares during the period. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in Ross Stores by 64.5% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the apparel retailer’s stock valued at $152,000 after purchasing an additional 600 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have weighed in on ROST. BidaskClub downgraded Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Morgan Stanley reduced their target price on Ross Stores from $99.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 23rd. Loop Capital upped their target price on Ross Stores from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Finally, DA Davidson reduced their target price on Ross Stores to $84.00 and set an “average” rating on the stock in a report on Wednesday, November 21st. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Ross Stores has an average rating of “Buy” and an average price target of $96.12.
ROST stock traded up $1.12 during midday trading on Friday, hitting $91.85. The company’s stock had a trading volume of 132,751 shares, compared to its average volume of 2,934,800. The stock has a market capitalization of $33.48 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.16 and a beta of 0.93. Ross Stores, Inc. has a 12 month low of $73.76 and a 12 month high of $104.35. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.55 billion. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.72 EPS. On average, research analysts predict that Ross Stores, Inc. will post 4.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 7th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $0.90 annualized dividend and a yield of 0.98%. Ross Stores’s dividend payout ratio (DPR) is presently 26.95%.
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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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