Glenview Trust co Sells 298 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Glenview Trust co lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,696 shares of the apparel retailer’s stock after selling 298 shares during the quarter. Glenview Trust co’s holdings in Ross Stores were worth $1,618,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Ross Stores by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,965,695 shares of the apparel retailer’s stock worth $295,857,000 after acquiring an additional 151,255 shares during the last quarter. GSA Capital Partners LLP bought a new position in Ross Stores during the third quarter worth $392,000. Oppenheimer Asset Management Inc. increased its holdings in shares of Ross Stores by 61.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,567 shares of the apparel retailer’s stock valued at $988,000 after purchasing an additional 2,495 shares during the last quarter. Curi RMB Capital LLC raised its position in shares of Ross Stores by 13.0% in the third quarter. Curi RMB Capital LLC now owns 1,744 shares of the apparel retailer’s stock valued at $262,000 after purchasing an additional 201 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Ross Stores by 8.8% during the 3rd quarter. Natixis Advisors LLC now owns 666,450 shares of the apparel retailer’s stock worth $100,307,000 after buying an additional 54,037 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Ross Stores from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Loop Capital dropped their price target on Ross Stores from $190.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $165.00 price objective (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, Telsey Advisory Group dropped their target price on Ross Stores from $175.00 to $150.00 and set a “market perform” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.40.

Ross Stores Stock Up 0.7 %

Shares of NASDAQ:ROST opened at $124.21 on Monday. 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 $122.77 and a 52-week high of $163.60. The company has a market capitalization of $40.98 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The company has a fifty day moving average of $142.85 and a 200-day moving average of $146.53.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating 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 firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. On average, equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal 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 given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Tuesday, March 18th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s payout ratio is 25.63%.

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.