Radnor Capital Management LLC Buys 420 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Radnor Capital Management LLC boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,320 shares of the apparel retailer’s stock after acquiring an additional 420 shares during the period. Radnor Capital Management LLC’s holdings in Ross Stores were worth $653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Ross Stores in the 2nd quarter worth approximately $27,000. Armstrong Advisory Group Inc. bought a new position in Ross Stores during the third quarter worth $33,000. ORG Partners LLC lifted its holdings in Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 191 shares during the period. Ashton Thomas Securities LLC bought a new stake in Ross Stores during the third quarter valued at $53,000. Finally, Banque Cantonale Vaudoise bought a new stake in Ross Stores during the third quarter valued at $59,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ROST. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research note on Friday, January 10th. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. Finally, Evercore ISI increased their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $171.29.

Ross Stores Stock Performance

Shares of ROST stock opened at $149.01 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a 50-day moving average of $149.87 and a 200-day moving average of $147.73. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The company has a market cap of $49.16 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.54 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. Equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) 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.