Slow Capital Inc. Sells 107 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Slow Capital Inc. lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,758 shares of the apparel retailer’s stock after selling 107 shares during the period. Slow Capital Inc.’s holdings in Ross Stores were worth $4,955,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Oak Ridge Investments LLC boosted its holdings in shares of Ross Stores by 10.6% in the 4th quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock worth $17,524,000 after purchasing an additional 11,060 shares during the period. Nordea Investment Management AB increased its position in Ross Stores by 137.7% during the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after acquiring an additional 1,144,774 shares during the last quarter. Czech National Bank increased its position in Ross Stores by 5.9% during the fourth quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock valued at $10,881,000 after acquiring an additional 3,981 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Ross Stores by 917.2% in the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock worth $4,440,000 after acquiring an additional 26,598 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Ross Stores by 251.7% during the 3rd quarter. Retirement Systems of Alabama now owns 260,126 shares of the apparel retailer’s stock worth $39,152,000 after purchasing an additional 186,161 shares during the period. 86.86% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ROST shares. Guggenheim reissued a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Sanford C. Bernstein restated a “market perform” rating and set a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 target price on shares of Ross Stores in a research report on Friday, January 10th. TD Cowen cut their price target 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. Finally, Evercore ISI lifted their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Eight 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Trading Down 2.2 %

NASDAQ:ROST opened at $146.01 on Tuesday. The company has a market capitalization of $48.17 billion, a P/E ratio of 22.99, a PEG ratio of 2.48 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 12 month low of $127.53 and a 12 month high of $163.60. The firm has a fifty day simple moving average of $151.12 and a 200-day simple moving average of $147.93.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $1.33 EPS. On average, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The firm 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. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 1.01%. Ross Stores’s dividend payout ratio is currently 23.15%.

Ross Stores Company 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.