Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,987 shares of the apparel retailer’s stock after selling 89 shares during the quarter. Heartland Bank & Trust Co’s holdings in Ross Stores were worth $301,000 at the end of the most recent reporting period.

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

Ross Stores Stock Performance

Shares of ROST stock opened at $149.28 on Monday. The firm has a 50 day moving average of $151.12 and a two-hundred day moving average of $147.93. The stock has a market capitalization of $49.25 billion, a PE ratio of 23.51, a P/E/G ratio of 2.48 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60.

Ross Stores (NASDAQ:ROSTGet Free Report) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Ross Stores’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. On average, research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Evercore ISI lifted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. JPMorgan Chase & Co. increased 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. Guggenheim reaffirmed a “buy” rating and set a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 price objective (down from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Check Out Our Latest Research Report on Ross Stores

About Ross Stores

(Free Report)

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.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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