Louisbourg Investments Inc. Has $4.01 Million Holdings in Ross Stores, Inc. $ROST

Louisbourg Investments Inc. decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,267 shares of the apparel retailer’s stock after selling 2,368 shares during the quarter. Louisbourg Investments Inc.’s holdings in Ross Stores were worth $4,011,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ROST. American National Bank & Trust bought a new position in shares of Ross Stores in the 3rd quarter worth about $26,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ross Stores during the 3rd quarter valued at about $29,000. JFS Wealth Advisors LLC boosted its position in shares of Ross Stores by 42.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 63 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 148 shares during the period. Finally, True Wealth Design LLC grew its stake in Ross Stores by 152.0% during the third quarter. True Wealth Design LLC now owns 257 shares of the apparel retailer’s stock worth $39,000 after purchasing an additional 155 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ROST shares. Barclays boosted their price target on Ross Stores from $205.00 to $221.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. The Goldman Sachs Group lifted their price objective on shares of Ross Stores from $214.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Wells Fargo & Company boosted their target price on shares of Ross Stores from $205.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. Finally, Sanford C. Bernstein set a $200.00 price target on shares of Ross Stores in a report on Wednesday, March 4th. Sixteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $208.29.

Ross Stores Stock Up 0.0%

Shares of NASDAQ ROST opened at $219.98 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.58 and a quick ratio of 1.04. The company has a 50-day moving average price of $202.62 and a 200-day moving average price of $180.37. The stock has a market capitalization of $70.91 billion, a P/E ratio of 33.28, a P/E/G ratio of 3.00 and a beta of 0.92. Ross Stores, Inc. has a 1 year low of $124.36 and a 1 year high of $222.03.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.10. Ross Stores had a net margin of 9.43% and a return on equity of 49.91%. The company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast 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 was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. This is a boost from Ross Stores’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, March 13th. Ross Stores’s dividend payout ratio (DPR) is currently 26.93%.

Insider Activity

In related news, CMO Karen Sykes sold 5,506 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the sale, the chief marketing officer directly owned 104,648 shares of the company’s stock, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the sale, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,756 shares of company stock worth $5,521,004 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.