Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,284 shares of the apparel retailer’s stock after selling 357 shares during the quarter. Mirador Capital Partners LP’s holdings in Ross Stores were worth $1,707,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Peapack Gladstone Financial Corp increased its holdings in shares of Ross Stores by 1.8% during the third quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock valued at $588,000 after purchasing an additional 70 shares during the period. Howe & Rusling Inc. boosted its stake in Ross Stores by 1.9% during the third quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock valued at $600,000 after buying an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. boosted its stake in Ross Stores by 19.1% during the third quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 76 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Ross Stores by 5.2% during the third quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock valued at $261,000 after buying an additional 85 shares in the last quarter. Finally, Bleakley Financial Group LLC boosted its stake in Ross Stores by 1.4% during the third quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer’s stock valued at $935,000 after buying an additional 87 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Up 0.2 %

Shares of ROST stock opened at $149.38 on Thursday. The stock’s 50 day simple moving average is $149.87 and its 200 day simple moving average is $147.73. 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 twelve month low of $127.53 and a twelve month high of $163.60. The company has a market capitalization of $49.28 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.51 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. As a group, research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio is currently 23.15%.

Wall Street Analysts Forecast Growth

ROST has been the subject of several research reports. Guggenheim reaffirmed a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research note on Friday, November 22nd. JPMorgan Chase & Co. raised their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a research report on Monday, November 18th. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and decreased their price target for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.29.

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.