Ross Stores, Inc. (NASDAQ:ROST) Stock Holdings Lifted by Arkadios Wealth Advisors

Arkadios Wealth Advisors raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 36.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,625 shares of the apparel retailer’s stock after purchasing an additional 4,718 shares during the period. Arkadios Wealth Advisors’ holdings in Ross Stores were worth $2,653,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ROST. Telsey Advisory Group boosted their price target on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their target price on Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. TD Cowen increased their price target on Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Robert W. Baird lifted their price target on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, StockNews.com raised shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Three research 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. According to data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.71.

Ross Stores Stock Down 0.1 %

ROST stock opened at $144.22 on Friday. Ross Stores, Inc. has a twelve month low of $112.39 and a twelve month high of $163.60. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The company has a market cap of $47.85 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.09. The business’s 50-day simple moving average is $149.37 and its 200 day simple moving average is $143.45.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the company earned $1.32 EPS. On average, research analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 1.02%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.71%.

Insider Activity

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

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.