Bridgefront Capital LLC Makes New $1.18 Million Investment in Ross Stores, Inc. (NASDAQ:ROST)

Bridgefront Capital LLC purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,820 shares of the apparel retailer's stock, valued at approximately $1,183,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Ross Stores by 152.9% during the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 107 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new stake in shares of Ross Stores in the fourth quarter worth $31,000. ORG Partners LLC increased 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 purchasing an additional 191 shares during the period. Cary Street Partners Financial LLC bought a new position in Ross Stores during the 4th quarter worth $48,000. Finally, Kestra Investment Management LLC bought a new position in Ross Stores during the 4th quarter worth $51,000. 86.86% of the stock is currently owned by institutional investors.

Insider Transactions at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 5,339 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $125.73, for a total value of $671,272.47. Following the completion of the transaction, the chief marketing officer now owns 94,063 shares in the company, valued at $11,826,540.99. This represents a 5.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Karen Sykes sold 5,036 shares of Ross Stores stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total value of $657,097.28. Following the sale, the chief marketing officer now owns 110,365 shares in the company, valued at $14,400,425.20. The trade was a 4.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,398 shares of company stock worth $4,439,950 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Ross Stores Stock Down 0.8 %

ROST traded down $1.09 during trading on Friday, hitting $142.28. 1,727,917 shares of the company's stock were exchanged, compared to its average volume of 2,652,518. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The stock has a market cap of $46.78 billion, a P/E ratio of 22.41, a PEG ratio of 2.13 and a beta of 1.17. The business's 50 day moving average is $134.02 and its two-hundred day moving average is $142.35. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. The business had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. As a group, equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.405 per share. The ex-dividend date was Tuesday, March 18th. This is a boost from Ross Stores's previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a yield of 1.14%. Ross Stores's dividend payout ratio (DPR) is 25.63%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Evercore ISI decreased their price target on Ross Stores from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. BMO Capital Markets dropped their price target on shares of Ross Stores from $168.00 to $156.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of Ross Stores from $166.00 to $161.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised shares of Ross Stores from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $140.00 to $150.00 in a research note on Tuesday, April 8th. Finally, Morgan Stanley decreased their price target on Ross Stores from $130.00 to $128.00 and set an "equal weight" rating for the company in a report on Tuesday. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.73.

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.