206 Shares in Ross Stores, Inc. (NASDAQ:ROST) Acquired by BOK Financial Private Wealth Inc.

BOK Financial Private Wealth Inc. bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, Holdings Channel reports. The fund bought 206 shares of the apparel retailer’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC increased its holdings in Ross Stores by 152.9% during the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock worth $27,000 after acquiring an additional 107 shares during the period. ORG Partners LLC increased its holdings in 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 acquiring an additional 191 shares during the period. Kestra Investment Management LLC bought a new stake in Ross Stores during the 4th quarter worth approximately $51,000. Ashton Thomas Securities LLC bought a new stake in Ross Stores during the 3rd quarter worth approximately $53,000. Finally, Oakworth Capital Inc. purchased a new position in Ross Stores in the 4th quarter worth approximately $57,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 1.4 %

NASDAQ:ROST opened at $135.96 on Monday. The company has a fifty day moving average of $145.37 and a 200 day moving average of $147.45. 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 firm has a market capitalization of $44.86 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.15.

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

Ross Stores Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.405 per share. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Tuesday, March 18th. Ross Stores’s dividend payout ratio is currently 25.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. Guggenheim reissued a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Telsey Advisory Group cut their price target on shares of Ross Stores from $175.00 to $150.00 and set a “market perform” rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company cut their price target on shares of Ross Stores from $165.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Finally, Morgan Stanley cut their price target on shares of Ross Stores from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.