Tillar Wenstrup Advisors LLC cut its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,439 shares of the apparel retailer’s stock after selling 848 shares during the quarter. Ross Stores accounts for about 2.0% of Tillar Wenstrup Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Tillar Wenstrup Advisors LLC’s holdings in Ross Stores were worth $2,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Ross Stores by 1.9% during the second quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock valued at $2,086,753,000 after buying an additional 686,186 shares during the period. Principal Financial Group Inc. grew its position in Ross Stores by 13.1% during the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock valued at $473,476,000 after buying an additional 849,789 shares during the period. Flossbach Von Storch AG grew its position in Ross Stores by 10.7% during the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock valued at $357,277,000 after buying an additional 532,900 shares during the period. Bank of New York Mellon Corp grew its position in Ross Stores by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,265,781 shares of the apparel retailer’s stock valued at $340,012,000 after buying an additional 85,983 shares during the period. Finally, Alecta Pensionsforsakring Omsesidigt grew its position in Ross Stores by 4.5% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,600,000 shares of the apparel retailer’s stock valued at $297,022,000 after buying an additional 200,000 shares during the period. Hedge funds and other institutional investors own 91.44% of the company’s stock.

Ross Stores, Inc. (NASDAQ:ROST) traded up $2.11 during mid-day trading on Friday, hitting $83.76. 2,452,492 shares of the stock traded hands, compared to its average volume of 2,509,958. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $84.26. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. The stock has a market capitalization of $31,840.00, a P/E ratio of 26.76, a PEG ratio of 2.47 and a beta of 1.14.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. equities analysts expect that Ross Stores, Inc. will post 3.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.76%. The ex-dividend date was Thursday, November 30th. Ross Stores’s dividend payout ratio (DPR) is presently 20.45%.

Several analysts recently issued reports on ROST shares. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Thursday, September 21st. Nomura set a $80.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research report on Friday, November 17th. SunTrust Banks set a $80.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research report on Friday, November 17th. Telsey Advisory Group reiterated a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. Finally, Bank of America reiterated a “buy” rating and issued a $80.00 price target on shares of Ross Stores in a research report on Monday, September 25th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $74.19.

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About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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