Cibc World Markets Corp Has $18.73 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Cibc World Markets Corp grew its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 135.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,824 shares of the apparel retailer’s stock after purchasing an additional 71,203 shares during the quarter. Cibc World Markets Corp’s holdings in Ross Stores were worth $18,731,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in Ross Stores by 152.9% during the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer’s stock valued at $27,000 after buying an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of Ross Stores during the 4th quarter valued at about $31,000. ORG Partners LLC raised its stake 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 valued at $36,000 after acquiring an additional 191 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Ross Stores in the 4th quarter worth approximately $51,000. Finally, Oakworth Capital Inc. bought a new stake in Ross Stores during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $125.54 on Tuesday. The firm has a market cap of $41.42 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.13 and a beta of 1.15. The firm’s 50-day simple moving average is $142.26 and its 200-day simple moving average is $146.34. Ross Stores, Inc. has a twelve month low of $122.77 and a twelve month high of $163.60. 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 (NASDAQ:ROST) last released its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. As a group, research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 is a boost from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.29%. Ross Stores’s dividend payout ratio (DPR) is presently 25.63%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ROST. Wells Fargo & Company reissued a “negative” rating on shares of Ross Stores in a research report on Wednesday, March 5th. StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Evercore ISI lowered their price target on Ross Stores from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. TD Cowen cut their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ross Stores has an average rating of “Moderate Buy” and an average target price of $161.40.

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.