Schechter Investment Advisors LLC Has $454,000 Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Schechter Investment Advisors LLC cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.7% in the fourth quarter, HoldingsChannel reports. The fund owned 2,998 shares of the apparel retailer’s stock after selling 116 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Ross Stores were worth $454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ROST. LGT Fund Management Co Ltd. grew its position in Ross Stores by 26.3% during the fourth quarter. LGT Fund Management Co Ltd. now owns 3,847 shares of the apparel retailer’s stock valued at $582,000 after purchasing an additional 800 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Ross Stores by 47.2% during the 4th quarter. Jones Financial Companies Lllp now owns 39,661 shares of the apparel retailer’s stock valued at $5,999,000 after buying an additional 12,721 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Ross Stores by 20.8% during the 4th quarter. Modera Wealth Management LLC now owns 5,247 shares of the apparel retailer’s stock valued at $794,000 after acquiring an additional 905 shares in the last quarter. Norden Group LLC increased its stake in shares of Ross Stores by 14.0% in the fourth quarter. Norden Group LLC now owns 2,957 shares of the apparel retailer’s stock worth $447,000 after acquiring an additional 363 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Ross Stores by 19.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,660 shares of the apparel retailer’s stock worth $251,000 after acquiring an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

NASDAQ ROST opened at $138.64 on Thursday. The stock has a 50-day simple moving average of $146.03 and a 200 day simple moving average of $147.64. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The stock has a market capitalization of $45.74 billion, a PE ratio of 21.83, a P/E/G ratio of 2.13 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 (NASDAQ:ROST) last issued its quarterly earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, topping the consensus estimate of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. Research analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a $0.405 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 dividend on an annualized basis and a yield of 1.17%. Ross Stores’s dividend payout ratio is 23.15%.

Analyst Ratings Changes

A number of research analysts have commented on ROST shares. 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 note on Tuesday, November 12th. UBS Group lowered their price target on Ross Stores from $168.00 to $163.00 and set a “neutral” rating for the company in a research note on Wednesday. Telsey Advisory Group dropped their price objective on Ross Stores from $175.00 to $150.00 and set a “market perform” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Loop Capital dropped their price target on shares of Ross Stores from $190.00 to $175.00 and set a “buy” rating on the stock in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $162.12.

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.