Hexavest Inc. Lowers Holdings in Ross Stores, Inc. (NASDAQ:ROST)

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Hexavest Inc. cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 424,605 shares of the apparel retailer’s stock after selling 10,106 shares during the period. Hexavest Inc. owned approximately 0.12% of Ross Stores worth $49,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of ROST. Prime Capital Investment Advisors LLC bought a new stake in shares of Ross Stores in the third quarter valued at approximately $33,000. First Financial Corp IN purchased a new position in shares of Ross Stores in the 3rd quarter worth $37,000. Compagnie Lombard Odier SCmA grew its stake in shares of Ross Stores by 27.3% in the 2nd quarter. Compagnie Lombard Odier SCmA now owns 629 shares of the apparel retailer’s stock worth $62,000 after buying an additional 135 shares in the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Ross Stores by 632.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 725 shares of the apparel retailer’s stock worth $72,000 after buying an additional 626 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Ross Stores by 12.3% in the 3rd quarter. Benjamin Edwards Inc. now owns 984 shares of the apparel retailer’s stock worth $108,000 after buying an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 87.83% of the company’s stock.

Shares of ROST stock traded down $0.52 during trading on Thursday, hitting $118.24. The company had a trading volume of 36,317 shares, compared to its average volume of 1,445,402. Ross Stores, Inc. has a one year low of $88.31 and a one year high of $122.62. The firm has a market capitalization of $42.69 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 2.48 and a beta of 0.81. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.50 and a current ratio of 1.26. The stock’s 50-day moving average price is $116.17 and its 200 day moving average price is $109.68.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. Ross Stores had a net margin of 10.47% and a return on equity of 49.88%. The company had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the previous year, the firm posted $0.91 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, research analysts anticipate that Ross Stores, Inc. will post 4.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 0.86%. The ex-dividend date was Thursday, December 5th. Ross Stores’s dividend payout ratio (DPR) is presently 23.94%.

Several analysts have weighed in on ROST shares. Nomura started coverage on shares of Ross Stores in a research report on Thursday, November 7th. They set a “neutral” rating and a $110.00 target price on the stock. Barclays started coverage on shares of Ross Stores in a research report on Tuesday, November 12th. They set an “overweight” rating and a $124.00 target price on the stock. Royal Bank of Canada started coverage on shares of Ross Stores in a research report on Monday, November 11th. They set an “outperform” rating and a $120.00 target price on the stock. Wells Fargo & Co downgraded shares of Ross Stores from an “overweight” rating to an “equal weight” rating and set a $125.00 target price on the stock. in a research report on Thursday, January 2nd. Finally, MKM Partners lifted their price objective on shares of Ross Stores from $114.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $115.95.

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

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