Kestra Private Wealth Services LLC Sells 732 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Kestra Private Wealth Services LLC trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,716 shares of the apparel retailer’s stock after selling 732 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Ross Stores were worth $562,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ROST. ORG Partners LLC lifted its stake in Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 191 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Ross Stores in the third quarter worth $53,000. Oakworth Capital Inc. acquired a new position in Ross Stores during the fourth quarter worth $57,000. Banque Cantonale Vaudoise bought a new position in Ross Stores in the third quarter valued at $59,000. Finally, AM Squared Ltd acquired a new stake in Ross Stores in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ROST shares. TD Cowen dropped their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Guggenheim reaffirmed a “buy” rating and set a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. Finally, Evercore ISI lifted their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Eight equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Ross Stores Trading Down 1.2 %

Shares of ROST opened at $138.76 on Friday. 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 firm has a market cap of $45.78 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 2.22 and a beta of 1.10. The business’s fifty day moving average is $149.53 and its 200-day moving average is $147.88.

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

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.06%. Ross Stores’s payout ratio 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.