Versant Capital Management Inc Has $67,000 Stake in Ross Stores, Inc. (NASDAQ:ROST)

Versant Capital Management Inc decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 440 shares of the apparel retailer’s stock after selling 244 shares during the quarter. Versant Capital Management Inc’s holdings in Ross Stores were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROST. University of Texas Texas AM Investment Management Co. bought a new position in shares of Ross Stores in the second quarter valued at about $27,000. Armstrong Advisory Group Inc. bought a new position in shares of Ross Stores in the third quarter worth about $33,000. Ashton Thomas Securities LLC acquired a new position in shares of Ross Stores during the third quarter worth approximately $53,000. Banque Cantonale Vaudoise bought a new stake in shares of Ross Stores during the third quarter valued at approximately $59,000. Finally, AM Squared Ltd acquired a new stake in shares of Ross Stores in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ROST shares. TD Cowen reduced their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Wells Fargo & Company decreased their price target on Ross Stores from $175.00 to $165.00 and set an “overweight” rating on the stock in a report on Thursday, November 14th. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Evercore ISI raised their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $171.69.

Ross Stores Stock Up 1.1 %

Shares of Ross Stores stock opened at $154.25 on Monday. The company has a market capitalization of $50.89 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The business has a 50-day moving average of $148.20 and a two-hundred day moving average of $147.49. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping 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 prior year, the business earned $1.33 EPS. Ross Stores’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Ross Stores 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.