Allspring Global Investments Holdings LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST – Get Rating) by 51.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,017 shares of the apparel retailer’s stock after purchasing an additional 10,817 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Ross Stores were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. Core Alternative Capital lifted its stake in Ross Stores by 59.7% in the third quarter. Core Alternative Capital now owns 321 shares of the apparel retailer’s stock worth $27,000 after purchasing an additional 120 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Ross Stores by 1,466.7% during the second quarter. CVA Family Office LLC now owns 470 shares of the apparel retailer’s stock valued at $33,000 after acquiring an additional 440 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of Ross Stores during the second quarter valued at approximately $34,000. Venture Visionary Partners LLC bought a new stake in shares of Ross Stores during the second quarter valued at approximately $36,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Ross Stores by 419.8% during the second quarter. Harvest Fund Management Co. Ltd now owns 525 shares of the apparel retailer’s stock valued at $37,000 after acquiring an additional 424 shares in the last quarter. Institutional investors own 89.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Ross Stores in a research note on Wednesday, October 12th. They set a “hold” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $112.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. Barclays lifted their price target on shares of Ross Stores from $127.00 to $139.00 and gave the company an “overweight” rating in a research note on Friday, January 13th. The Goldman Sachs Group boosted their price objective on shares of Ross Stores from $119.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. Finally, BMO Capital Markets boosted their price objective on shares of Ross Stores from $95.00 to $113.00 in a research note on Friday, November 18th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.25.
Ross Stores Price Performance
Ross Stores (NASDAQ:ROST – Get Rating) last announced its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.37 billion. Ross Stores had a net margin of 7.74% and a return on equity of 34.95%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.09 earnings per share. On average, equities research analysts predict that Ross Stores, Inc. will post 4.3 EPS for the current year.
Ross Stores Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Tuesday, December 6th were given a dividend of $0.31 per share. The ex-dividend date was Monday, December 5th. This represents a $1.24 dividend on an annualized basis and a yield of 1.06%. Ross Stores’s dividend payout ratio is presently 30.10%.
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. 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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.
- Get a free copy of the StockNews.com research report on Ross Stores (ROST)
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