Quotient Wealth Partners LLC Has $308,000 Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Quotient Wealth Partners LLC cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,035 shares of the apparel retailer’s stock after selling 71 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Ross Stores were worth $308,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Armstrong Advisory Group Inc. purchased a new stake in shares of Ross Stores during the third quarter worth $33,000. ORG Partners LLC raised its stake in shares of Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 191 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Ross Stores during the 3rd quarter valued at about $53,000. Oakworth Capital Inc. bought a new stake in shares of Ross Stores in the 4th quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ross Stores in the 3rd quarter valued at approximately $59,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 1.7 %

NASDAQ ROST opened at $142.59 on Monday. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The stock has a market cap of $47.04 billion, a PE ratio of 22.46, a PEG ratio of 2.22 and a beta of 1.10. The firm has a 50-day simple moving average of $151.04 and a 200 day simple moving average of $147.96. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Analyst Ratings Changes

ROST has been the subject of a number of analyst reports. StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Guggenheim reissued a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. Morgan Stanley restated an “equal weight” rating and set a $140.00 target price (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upped their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight investment 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. According to data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and a consensus target price of $169.06.

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.