Parcion Private Wealth LLC Has $2.02 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Parcion Private Wealth LLC decreased its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 21.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,801 shares of the apparel retailer's stock after selling 4,196 shares during the quarter. Parcion Private Wealth LLC's holdings in Ross Stores were worth $2,019,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Ross Stores by 25.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock valued at $2,952,170,000 after acquiring an additional 3,995,760 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ross Stores by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 8,287,162 shares of the apparel retailer's stock valued at $1,250,423,000 after buying an additional 135,117 shares during the last quarter. FMR LLC boosted its stake in shares of Ross Stores by 11.9% during the 4th quarter. FMR LLC now owns 7,620,083 shares of the apparel retailer's stock valued at $1,152,690,000 after buying an additional 807,850 shares during the last quarter. Norges Bank purchased a new position in shares of Ross Stores during the 4th quarter valued at approximately $649,318,000. Finally, Invesco Ltd. boosted its stake in shares of Ross Stores by 4.2% during the 4th quarter. Invesco Ltd. now owns 3,805,427 shares of the apparel retailer's stock valued at $575,647,000 after buying an additional 154,486 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ROST shares. Loop Capital reduced their price objective on Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen cut Ross Stores from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Morgan Stanley reduced their price objective on Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a research note on Friday, May 23rd. Citigroup upgraded Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 target price on the stock in a research note on Thursday, April 3rd. Finally, JPMorgan Chase & Co. raised their target price on Ross Stores from $141.00 to $154.00 and gave the company an "overweight" rating in a research note on Friday, June 13th. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $158.94.

Ross Stores Stock Performance

Shares of ROST traded down $0.22 on Friday, reaching $130.26. 641,180 shares of the stock traded hands, compared to its average volume of 2,813,296. The firm has a market cap of $42.60 billion, a price-to-earnings ratio of 20.58, a P/E/G ratio of 2.47 and a beta of 1.11. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 0.95. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60. The stock's 50-day moving average price is $137.02 and its 200-day moving average price is $138.72.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company had revenue of $4.98 billion for the quarter, compared to analysts' expectations of $4.94 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The business's revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's payout ratio is 25.59%.

Ross Stores Company 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.