379 Shares in Ross Stores, Inc. (NASDAQ:ROST) Bought by Oakworth Capital Inc.

Oakworth Capital Inc. purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 379 shares of the apparel retailer’s stock, valued at approximately $57,000.

Several other institutional investors have also added to or reduced their stakes in the business. Czech National Bank raised its position in shares of Ross Stores by 6.3% in the 3rd quarter. Czech National Bank now owns 67,952 shares of the apparel retailer’s stock valued at $10,227,000 after purchasing an additional 4,056 shares during the last quarter. Fulton Bank N.A. acquired a new position in Ross Stores during the 3rd quarter valued at approximately $236,000. Mather Group LLC. raised its holdings in shares of Ross Stores by 23.2% in the third quarter. Mather Group LLC. now owns 1,035 shares of the apparel retailer’s stock worth $156,000 after buying an additional 195 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in shares of Ross Stores by 28.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 1,849 shares of the apparel retailer’s stock worth $278,000 after buying an additional 410 shares during the period. Finally, Park Place Capital Corp grew its holdings in shares of Ross Stores by 35.2% during the third quarter. Park Place Capital Corp now owns 469 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 target price (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Telsey Advisory Group reissued a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research report on Monday, November 18th. Finally, TD Cowen dropped their price objective 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. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Price Performance

NASDAQ:ROST opened at $145.02 on Friday. The stock has a market capitalization of $47.85 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.49 and a beta of 1.10. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $151.48 and its 200-day moving average price is $147.97.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s payout ratio is 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.