Premier Path Wealth Partners LLC Has $326,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Premier Path Wealth Partners LLC reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,152 shares of the apparel retailer’s stock after selling 132 shares during the period. Premier Path Wealth Partners LLC’s holdings in Ross Stores were worth $326,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Ross Stores by 0.5% in the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after purchasing an additional 67,861 shares in the last quarter. Geode Capital Management LLC boosted its position in Ross Stores by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock worth $1,222,915,000 after acquiring an additional 34,475 shares during the last quarter. FMR LLC grew its stake in shares of Ross Stores by 4.9% during the 3rd quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after acquiring an additional 316,652 shares in the last quarter. Marshfield Associates raised its holdings in shares of Ross Stores by 0.4% in the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock valued at $588,337,000 after purchasing an additional 14,193 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Ross Stores by 64.0% in the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after purchasing an additional 1,507,922 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Up 0.1 %

NASDAQ:ROST opened at $149.15 on Friday. The firm has a market cap of $49.21 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The firm’s fifty day moving average is $150.33 and its 200-day moving average is $147.77.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the company posted $1.33 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were paid a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 0.99%. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Analyst Upgrades and Downgrades

ROST has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and lowered their target price for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. TD Cowen reduced their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research report on Monday, November 18th. Finally, Evercore ISI upped their price objective on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.29.

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 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.