Callan Family Office LLC Acquires 12,579 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Callan Family Office LLC boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 586.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,724 shares of the apparel retailer’s stock after purchasing an additional 12,579 shares during the period. Callan Family Office LLC’s holdings in Ross Stores were worth $2,227,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. ORG Partners LLC increased its holdings in shares of 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. Kestra Investment Management LLC acquired a new position in shares of Ross Stores during the fourth quarter worth $51,000. Ashton Thomas Securities LLC acquired a new position in shares of Ross Stores during the third quarter worth $53,000. Oakworth Capital Inc. acquired a new position in shares of Ross Stores during the fourth quarter worth $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ross Stores during the third quarter worth $59,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROST. Robert W. Baird lowered their price target on shares of Ross Stores from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Wednesday. Guggenheim reiterated a “buy” rating and set a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. Telsey Advisory Group decreased their price objective on Ross Stores from $175.00 to $150.00 and set a “market perform” rating for the company in a report on Wednesday. Evercore ISI decreased their price objective on Ross Stores from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Morgan Stanley decreased their price objective on Ross Stores from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

Ross Stores Price Performance

ROST stock opened at $135.96 on Friday. The company has a market capitalization of $44.86 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. 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, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The business has a 50-day simple moving average of $145.37 and a two-hundred day simple moving average of $147.49.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Tuesday, March 18th. This is an increase from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s payout ratio is presently 25.63%.

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 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.