Advisory Services Network LLC grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 9.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,441 shares of the apparel retailer’s stock after buying an additional 533 shares during the period. Advisory Services Network LLC’s holdings in Ross Stores were worth $638,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of ROST. Stratos Wealth Partners LTD. boosted its position in shares of Ross Stores by 8.2% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 7,516 shares of the apparel retailer’s stock worth $745,000 after purchasing an additional 570 shares during the period. Keybank National Association OH boosted its position in shares of Ross Stores by 2.3% during the 2nd quarter. Keybank National Association OH now owns 25,137 shares of the apparel retailer’s stock worth $2,130,000 after purchasing an additional 577 shares during the period. Sather Financial Group Inc boosted its position in shares of Ross Stores by 0.3% during the 2nd quarter. Sather Financial Group Inc now owns 197,968 shares of the apparel retailer’s stock worth $16,778,000 after purchasing an additional 658 shares during the period. Macquarie Group Ltd. boosted its position in shares of Ross Stores by 1.9% during the 2nd quarter. Macquarie Group Ltd. now owns 35,880 shares of the apparel retailer’s stock worth $3,041,000 after purchasing an additional 660 shares during the period. Finally, Atria Investments LLC boosted its position in shares of Ross Stores by 3.7% during the 2nd quarter. Atria Investments LLC now owns 19,265 shares of the apparel retailer’s stock worth $1,633,000 after purchasing an additional 690 shares during the period. 88.33% of the stock is owned by institutional investors and hedge funds.
In other news, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total value of $962,665.60. Following the sale, the director now directly owns 25,127 shares in the company, valued at approximately $2,384,552.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Barbara Rentler sold 20,000 shares of the firm’s stock in a transaction on Friday, October 12th. The shares were sold at an average price of $95.15, for a total transaction of $1,903,000.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Monday, July 23rd. BidaskClub lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Guggenheim reiterated a “buy” rating and set a $100.00 target price on shares of Ross Stores in a report on Wednesday, July 25th. Telsey Advisory Group increased their target price on shares of Ross Stores from $98.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Finally, William Blair reiterated an “outperform” rating on shares of Ross Stores in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eighteen have given a buy rating to the company. Ross Stores has a consensus rating of “Buy” and a consensus price target of $96.04.
Shares of ROST opened at $102.76 on Friday. Ross Stores, Inc. has a twelve month low of $63.56 and a twelve month high of $104.35. The firm has a market capitalization of $37.89 billion, a PE ratio of 30.77, a PEG ratio of 2.45 and a beta of 0.98. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same period last year, the business earned $0.82 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Equities analysts expect that Ross Stores, Inc. will post 4.15 EPS for the current year.
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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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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