Evergreen Capital Management LLC Has $234,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Evergreen Capital Management LLC grew its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,611 shares of the apparel retailer’s stock after buying an additional 99 shares during the quarter. Evergreen Capital Management LLC’s holdings in Ross Stores were worth $234,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Sector Pension Investment Board lifted its stake in Ross Stores by 66.2% during the second quarter. Public Sector Pension Investment Board now owns 12,884 shares of the apparel retailer’s stock worth $1,872,000 after purchasing an additional 5,131 shares during the period. DRW Securities LLC bought a new position in shares of Ross Stores during the second quarter valued at $255,000. Itau Unibanco Holding S.A. acquired a new stake in shares of Ross Stores in the 2nd quarter valued at $435,000. Fidelis Capital Partners LLC grew its holdings in shares of Ross Stores by 7.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,498 shares of the apparel retailer’s stock worth $477,000 after purchasing an additional 240 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in shares of Ross Stores by 24.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock worth $291,734,000 after purchasing an additional 390,518 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Telsey Advisory Group boosted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. TD Cowen increased their price target on Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Robert W. Baird increased their price target on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.71.

Ross Stores Stock Performance

ROST stock opened at $151.56 on Friday. The business’s fifty day moving average is $147.61 and its 200-day moving average is $143.27. 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 $50.28 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. Ross Stores, Inc. has a twelve month low of $109.19 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.50 by $0.09. The business had revenue of $5.29 billion for 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 firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. Equities research analysts forecast that Ross Stores, Inc. will post 6.2 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.97%. The ex-dividend date is Tuesday, September 10th. Ross Stores’s payout ratio is presently 24.79%.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the transaction, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the transaction, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the transaction, the chairman now owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is owned by company insiders.

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.