Versant Capital Management Inc Has $67,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Versant Capital Management Inc lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 35.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 440 shares of the apparel retailer’s stock after selling 244 shares during the quarter. Versant Capital Management Inc’s holdings in Ross Stores were worth $67,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. bought a new position in Ross Stores during the second quarter worth $27,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ross Stores during the 3rd quarter worth about $33,000. Ashton Thomas Securities LLC bought a new stake in shares of Ross Stores during the 3rd quarter worth about $53,000. Banque Cantonale Vaudoise acquired a new position in Ross Stores in the 3rd quarter valued at about $59,000. Finally, AM Squared Ltd bought a new position in Ross Stores in the 3rd quarter valued at about $60,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROST has been the topic of a number of recent research reports. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research note on Friday, November 22nd. Wells Fargo & Company lowered their price objective on Ross Stores from $175.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Evercore ISI boosted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised their price target 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. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $171.69.

Ross Stores Price Performance

Shares of ROST stock opened at $154.25 on Monday. The business has a fifty day simple moving average of $148.20 and a 200 day simple moving average of $147.49. The company has a market cap of $50.89 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its 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. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $0.3675 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 0.95%. Ross Stores’s dividend payout ratio is currently 23.15%.

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.