Venture Visionary Partners LLC Has $325,000 Stock Position in Ross Stores, Inc. $ROST

Venture Visionary Partners LLC reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,547 shares of the apparel retailer’s stock after selling 104 shares during the quarter. Venture Visionary Partners LLC’s holdings in Ross Stores were worth $325,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its position in Ross Stores by 50.7% in the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after acquiring an additional 73 shares during the period. Bayforest Capital Ltd increased its position in Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 190 shares during the period. Tradewinds Capital Management LLC increased its position in Ross Stores by 36.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 75 shares during the period. Putney Financial Group LLC acquired a new position in Ross Stores in the 4th quarter valued at approximately $44,000. Finally, Cary Street Partners Financial LLC acquired a new position in Ross Stores in the 4th quarter valued at approximately $48,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on ROST shares. Loop Capital decreased their price target on shares of Ross Stores from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. Evercore ISI decreased their price objective on shares of Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 23rd. Telsey Advisory Group reiterated a “market perform” rating and set a $150.00 price objective on shares of Ross Stores in a research report on Monday. Wells Fargo & Company decreased their price objective on shares of Ross Stores from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $154.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.06.

Ross Stores Stock Down 0.5%

Shares of NASDAQ ROST opened at $145.62 on Friday. The firm has a market cap of $47.63 billion, a PE ratio of 23.00, a P/E/G ratio of 2.81 and a beta of 1.11. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $163.60. The company’s fifty day simple moving average is $135.79 and its 200 day simple moving average is $137.24. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.02. The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. Ross Stores had a net margin of 9.79% and a return on equity of 38.77%. Ross Stores’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 earnings per share. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, September 9th. This represents a $1.62 annualized dividend and a yield of 1.1%. Ross Stores’s dividend payout ratio is currently 25.59%.

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.