Keybank National Association OH Has $760,000 Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Keybank National Association OH increased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 10.1% during the fourth quarter, HoldingsChannel reports. The fund owned 5,026 shares of the apparel retailer’s stock after acquiring an additional 460 shares during the quarter. Keybank National Association OH’s holdings in Ross Stores were worth $760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC raised its holdings in shares of Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 191 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Ross Stores in the 4th quarter worth about $51,000. Ashton Thomas Securities LLC acquired a new stake in shares of Ross Stores in the 3rd quarter worth about $53,000. Oakworth Capital Inc. acquired a new stake in shares of Ross Stores in the 4th quarter worth about $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in Ross Stores in the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

NASDAQ ROST opened at $135.96 on Friday. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The stock has a market capitalization of $44.86 billion, a PE ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.15. The company’s 50 day simple moving average is $145.37 and its two-hundred day simple moving average is $147.49.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.95 billion. Analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.405 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.62 annualized dividend and a dividend yield of 1.19%. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. Ross Stores’s dividend payout ratio (DPR) is currently 25.63%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley reduced their price objective on shares of Ross Stores from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Telsey Advisory Group reduced their price objective on shares of Ross Stores from $175.00 to $150.00 and set a “market perform” rating for the company in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average target price of $163.07.

About Ross Stores

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.