Advisor Group Inc. Boosts Holdings in Ross Stores, Inc. (ROST)

Advisor Group Inc. raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,082 shares of the apparel retailer’s stock after acquiring an additional 3,663 shares during the period. Advisor Group Inc.’s holdings in Ross Stores were worth $2,921,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. grew its position in Ross Stores by 7.7% during the fourth quarter. BlackRock Inc. now owns 28,069,263 shares of the apparel retailer’s stock valued at $2,335,364,000 after acquiring an additional 2,017,295 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Ross Stores by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 13,907,770 shares of the apparel retailer’s stock worth $1,378,259,000 after buying an additional 3,512,781 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Ross Stores by 8,178.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,859,040 shares of the apparel retailer’s stock worth $167,000 after buying an additional 13,691,631 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Ross Stores by 3.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,670,826 shares of the apparel retailer’s stock worth $471,814,000 after buying an additional 165,920 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Ross Stores by 74.9% in the third quarter. AQR Capital Management LLC now owns 4,965,542 shares of the apparel retailer’s stock worth $492,085,000 after buying an additional 2,126,303 shares during the period. 90.73% of the stock is owned by hedge funds and other institutional investors.

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Several equities research analysts have recently weighed in on ROST shares. DA Davidson decreased their target price on Ross Stores to $84.00 and set an “average” rating for the company in a research report on Wednesday, November 21st. MKM Partners decreased their target price on Ross Stores from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Nomura decreased their target price on Ross Stores from $101.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Wells Fargo & Co reaffirmed a “buy” rating on shares of Ross Stores in a research report on Tuesday, November 20th. Finally, Cowen set a $110.00 target price on Ross Stores and gave the stock a “buy” rating in a research report on Tuesday, November 20th. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $97.42.

Shares of ROST opened at $92.41 on Friday. The stock has a market capitalization of $34.97 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. Ross Stores, Inc. has a one year low of $74.53 and a one year high of $104.35. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.10.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Monday, March 18th will be issued a $0.255 dividend. The ex-dividend date is Wednesday, March 6th. This represents a $1.02 dividend on an annualized basis and a yield of 1.10%. This is an increase from Ross Stores’s previous quarterly dividend of $0.23. Ross Stores’s dividend payout ratio is currently 21.13%.

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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 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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