Rosenberg Matthew Hamilton Has $80,000 Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Rosenberg Matthew Hamilton raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 526 shares of the apparel retailer’s stock after buying an additional 154 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Ross Stores were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Ross Stores by 64.0% in the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after purchasing an additional 1,507,922 shares in the last quarter. Nordea Investment Management AB increased its position in shares of 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 in the last quarter. Public Sector Pension Investment Board increased its position in shares of Ross Stores by 4,787.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after buying an additional 616,860 shares in the last quarter. AQR Capital Management LLC raised its stake in Ross Stores by 59.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock worth $183,263,000 after buying an additional 469,717 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in Ross Stores by 24.2% during the second quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock worth $291,734,000 after acquiring an additional 390,518 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Guggenheim restated a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. TD Cowen dropped their target price on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.29.

Ross Stores Price Performance

NASDAQ:ROST opened at $149.12 on Wednesday. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a market cap of $49.20 billion, a P/E ratio of 23.48, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The stock’s 50-day simple moving average is $149.87 and its 200 day simple moving average is $147.73.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 41.83% and a net margin of 9.95%. The business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $0.3675 per share. 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 (DPR) is currently 23.15%.

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.