Wealth Enhancement Advisory Services LLC Purchases 256 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Wealth Enhancement Advisory Services LLC grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,508 shares of the apparel retailer’s stock after purchasing an additional 256 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Ross Stores were worth $14,074,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Peapack Gladstone Financial Corp grew its position in Ross Stores by 1.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock worth $588,000 after acquiring an additional 70 shares during the last quarter. Howe & Rusling Inc. grew its position in Ross Stores by 1.9% during the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock worth $600,000 after acquiring an additional 73 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in Ross Stores by 19.1% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock worth $71,000 after acquiring an additional 76 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in Ross Stores by 5.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock worth $261,000 after acquiring an additional 85 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in Ross Stores by 1.5% during the 2nd quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after acquiring an additional 87 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROST has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a report on Friday. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a report on Monday, November 18th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $171.29.

Ross Stores Stock Down 1.9 %

ROST stock opened at $151.74 on Monday. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The firm has a market cap of $50.06 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The business has a 50 day moving average of $149.52 and a 200 day moving average of $147.67.

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, beating analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the company earned $1.33 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

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.