1,038 Shares in Ross Stores, Inc. (NASDAQ:ROST) Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,038 shares of the apparel retailer’s stock, valued at approximately $156,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. bought a new position in shares of Ross Stores in the 2nd quarter valued at approximately $27,000. SJS Investment Consulting Inc. lifted its stake in shares of Ross Stores by 262.1% in the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after buying an additional 152 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Ross Stores during the 2nd quarter worth $32,000. Armstrong Advisory Group Inc. acquired a new position in Ross Stores in the 3rd quarter valued at $33,000. Finally, Crewe Advisors LLC grew its stake in Ross Stores by 97.8% in the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock valued at $40,000 after buying an additional 136 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Transactions at Ross Stores

In other news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the sale, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock worth $11,093,051 over the last 90 days. 2.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on ROST. Barclays upped their price target on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Wells Fargo & Company lifted their price target on Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Morgan Stanley increased their price objective on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a research report on Tuesday, October 29th. Finally, TD Cowen increased their price target on shares of Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $171.88.

Ross Stores Price Performance

Shares of ROST traded up $1.36 during mid-day trading on Friday, reaching $143.40. The company had a trading volume of 161,401 shares, compared to its average volume of 2,238,870. The company’s 50-day moving average is $147.55 and its 200-day moving average is $143.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. The company has a market capitalization of $47.57 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.25 and a beta of 1.09. Ross Stores, Inc. has a twelve month low of $119.73 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.50 by $0.09. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. On average, equities analysts anticipate that Ross Stores, Inc. will post 6.2 EPS for the current year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were paid a $0.3675 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 1.03%. Ross Stores’s dividend payout ratio (DPR) is currently 23.71%.

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 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.