Glenmede Trust Co. NA Has $81.65 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Glenmede Trust Co. NA lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 542,465 shares of the apparel retailer’s stock after selling 2,831 shares during the quarter. Glenmede Trust Co. NA’s holdings in Ross Stores were worth $81,646,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

ROST has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. TD Cowen dropped their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. Barclays upped their price objective on Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $171.69.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction 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 of the company’s stock, valued at approximately $16,038,546.36. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. This trade represents a 57.21 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

Ross Stores Price Performance

Shares of ROST stock opened at $154.38 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $51.22 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 2.54 and a beta of 1.09. The firm’s 50 day moving average is $145.22 and its 200-day moving average is $144.98. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 EPS. Sell-side analysts forecast that Ross Stores, Inc. will post 6.15 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.3675 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.47 dividend on an annualized basis and a yield of 0.95%. Ross Stores’s payout ratio is 23.15%.

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.