HM Payson & Co. Sells 331 Shares of Ross Stores, Inc. (NASDAQ:ROST)
HM Payson & Co. cut its position in Ross Stores, Inc. (NASDAQ:ROST) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,795 shares of the apparel retailer’s stock after selling 331 shares during the quarter. HM Payson & Co.’s holdings in Ross Stores were worth $834,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. CX Institutional raised its position in shares of Ross Stores by 20.5% during the fourth quarter. CX Institutional now owns 546 shares of the apparel retailer’s stock worth $67,000 after acquiring an additional 93 shares during the last quarter. Regentatlantic Capital LLC raised its position in shares of Ross Stores by 4.0% during the fourth quarter. Regentatlantic Capital LLC now owns 2,494 shares of the apparel retailer’s stock worth $306,000 after acquiring an additional 95 shares during the last quarter. Optimum Investment Advisors raised its position in shares of Ross Stores by 0.9% during the fourth quarter. Optimum Investment Advisors now owns 11,661 shares of the apparel retailer’s stock worth $1,432,000 after acquiring an additional 100 shares during the last quarter. San Francisco Sentry Investment Group CA grew its stake in Ross Stores by 20.2% during the fourth quarter. San Francisco Sentry Investment Group CA now owns 695 shares of the apparel retailer’s stock worth $85,000 after purchasing an additional 117 shares during the period. Finally, JustInvest LLC grew its stake in Ross Stores by 2.4% in the fourth quarter. JustInvest LLC now owns 5,396 shares of the apparel retailer’s stock valued at $663,000 after acquiring an additional 125 shares during the period. Hedge funds and other institutional investors own 83.15% of the company’s stock.
A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Ross Stores from $123.00 to $129.00 and gave the company a “buy” rating in a research note on Thursday, January 21st. Morgan Stanley raised their price objective on Ross Stores from $121.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, January 20th. UBS Group reduced their price objective on Ross Stores from $125.00 to $120.00 and set a “neutral” rating for the company in a research note on Thursday, March 11th. Finally, JPMorgan Chase & Co. lifted their target price on Ross Stores from $125.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, January 4th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Ross Stores currently has a consensus rating of “Buy” and an average target price of $117.05.
Shares of Ross Stores stock opened at $123.41 on Thursday. The firm has a market capitalization of $44.00 billion, a P/E ratio of 146.92, a price-to-earnings-growth ratio of 8.16 and a beta of 0.95. The business’s fifty day simple moving average is $119.88 and its 200 day simple moving average is $110.78. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.83. Ross Stores, Inc. has a 12 month low of $79.65 and a 12 month high of $127.08.
Ross Stores (NASDAQ:ROST) last issued its earnings results on Monday, March 1st. The apparel retailer reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.33). The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.27 billion. Ross Stores had a net margin of 2.39% and a return on equity of 22.57%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Analysts predict that Ross Stores, Inc. will post 1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Tuesday, March 16th were paid a $0.285 dividend. The ex-dividend date was Monday, March 15th. This represents a $1.14 annualized dividend and a dividend yield of 0.92%. Ross Stores’s payout ratio is presently 24.89%.
About Ross Stores
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.
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