Capital International Investors grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 10,332,044 shares of the apparel retailer’s stock after purchasing an additional 5,667 shares during the period. Capital International Investors’ holdings in Ross Stores were worth $1,202,857,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ROST. Amundi Pioneer Asset Management Inc. increased its position in shares of Ross Stores by 27.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,383,326 shares of the apparel retailer’s stock valued at $510,307,000 after buying an additional 940,447 shares in the last quarter. Madison Asset Management LLC acquired a new stake in Ross Stores in the 4th quarter worth about $58,729,000. Bank of America Corp DE boosted its stake in Ross Stores by 9.5% in the 4th quarter. Bank of America Corp DE now owns 5,009,559 shares of the apparel retailer’s stock worth $583,213,000 after buying an additional 435,998 shares during the last quarter. Man Group plc boosted its stake in Ross Stores by 71.0% in the 4th quarter. Man Group plc now owns 734,758 shares of the apparel retailer’s stock worth $85,541,000 after buying an additional 305,154 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Ross Stores by 128.4% in the 4th quarter. Lord Abbett & CO. LLC now owns 452,767 shares of the apparel retailer’s stock worth $52,711,000 after buying an additional 254,500 shares during the last quarter. Institutional investors and hedge funds own 86.20% of the company’s stock.

A number of analysts have issued reports on the company. MKM Partners reissued a “buy” rating and issued a $124.00 price target (up from $121.00) on shares of Ross Stores in a research note on Wednesday, March 4th. Odeon Capital Group assumed coverage on Ross Stores in a research note on Thursday, January 23rd. They issued a “sell” rating and a $105.00 price target on the stock. Nomura decreased their price target on Ross Stores from $113.00 to $83.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Wells Fargo & Co decreased their price target on Ross Stores from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Finally, Robert W. Baird reissued a “buy” rating and issued a $124.00 price target on shares of Ross Stores in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $116.57.

Shares of NASDAQ ROST traded up $3.74 during midday trading on Thursday, hitting $85.03. The stock had a trading volume of 1,888,990 shares, compared to its average volume of 5,122,141. The company has a market capitalization of $25.69 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 1.49 and a beta of 0.71. Ross Stores, Inc. has a 1-year low of $56.30 and a 1-year high of $124.16. The company has a quick ratio of 0.59, a current ratio of 1.27 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $104.12 and a 200 day moving average price of $110.75.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.26 by $0.02. The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.36 billion. Ross Stores had a return on equity of 50.11% and a net margin of 10.36%. Ross Stores’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. On average, research analysts forecast that Ross Stores, Inc. will post 4.8 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.285 per share. The ex-dividend date is Monday, March 16th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.26. This represents a $1.14 annualized dividend and a yield of 1.34%. Ross Stores’s payout ratio is 24.89%.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

See Also: Cost of Goods Sold (COGS)

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

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