Diversified Trust Co Sells 15,793 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Diversified Trust Co trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 90.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,653 shares of the apparel retailer’s stock after selling 15,793 shares during the period. Diversified Trust Co’s holdings in Ross Stores were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ROST. State Street Corp lifted its stake in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock worth $2,127,802,000 after purchasing an additional 67,861 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Ross Stores by 0.4% during the third quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock valued at $1,222,915,000 after purchasing an additional 34,475 shares in the last quarter. FMR LLC increased its holdings in shares of Ross Stores by 4.9% in the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after purchasing an additional 316,652 shares during the last quarter. Marshfield Associates lifted its position in shares of Ross Stores by 0.4% in the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock worth $588,337,000 after buying an additional 14,193 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Ross Stores by 64.0% during the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after buying an additional 1,507,922 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. TD Cowen decreased their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Evercore ISI lifted their price target on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.29.

Ross Stores Stock Performance

ROST stock opened at $151.74 on Friday. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The firm has a market cap of $50.06 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.54 and a beta of 1.10. The business’s fifty day simple moving average is $149.52 and its two-hundred day simple moving average is $147.67. 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 (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. Analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Tuesday, December 10th. Ross Stores’s dividend payout ratio is presently 23.15%.

Ross Stores 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 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.