State of Alaska Department of Revenue Has $14.86 Million Stake in Ross Stores, Inc. (ROST)

State of Alaska Department of Revenue raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,655 shares of the apparel retailer’s stock after acquiring an additional 7,016 shares during the quarter. State of Alaska Department of Revenue’s holdings in Ross Stores were worth $14,862,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Ross Stores by 0.8% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 167,409 shares of the apparel retailer’s stock valued at $16,590,000 after purchasing an additional 1,260 shares during the period. Calamos Advisors LLC boosted its position in shares of Ross Stores by 132.2% in the 3rd quarter. Calamos Advisors LLC now owns 70,689 shares of the apparel retailer’s stock valued at $7,005,000 after purchasing an additional 40,241 shares during the period. Spectrum Management Group Inc. acquired a new stake in shares of Ross Stores in the 3rd quarter valued at about $801,000. Bradley Foster & Sargent Inc. CT boosted its position in shares of Ross Stores by 29.4% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 23,996 shares of the apparel retailer’s stock valued at $2,378,000 after purchasing an additional 5,452 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Ross Stores by 65.0% in the 3rd quarter. Fifth Third Bancorp now owns 18,466 shares of the apparel retailer’s stock valued at $1,830,000 after purchasing an additional 7,273 shares during the period. 88.45% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on ROST. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Thursday, November 22nd. Loop Capital set a $100.00 target price on Ross Stores and gave the stock a “buy” rating in a research note on Tuesday, November 20th. MKM Partners cut their target price on Ross Stores from $98.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. Finally, Nomura cut their target price on Ross Stores from $101.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. Twelve analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $96.12.

NASDAQ ROST opened at $90.73 on Friday. Ross Stores, Inc. has a 1-year low of $73.76 and a 1-year high of $104.35. The company has a market capitalization of $31.63 billion, a P/E ratio of 27.16, a PEG ratio of 2.04 and a beta of 0.93. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same period last year, the business posted $0.72 EPS. Ross Stores’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities research analysts expect that Ross Stores, Inc. will post 4.19 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, December 7th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, December 6th. Ross Stores’s payout ratio is currently 26.95%.

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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 brands in the United States. It primarily offers 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 regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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