Dynamic Advisor Solutions LLC Boosts Stake in Ross Stores, Inc. (NASDAQ:ROST)

Dynamic Advisor Solutions LLC increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 28.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,849 shares of the apparel retailer’s stock after acquiring an additional 410 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Ross Stores were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ROST. Raleigh Capital Management Inc. raised its stake in shares of Ross Stores by 41.8% during the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock worth $35,000 after acquiring an additional 74 shares in the last quarter. Quotient Wealth Partners LLC raised its position in Ross Stores by 4.0% in the 2nd quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after purchasing an additional 85 shares during the period. Checchi Capital Advisers LLC lifted its stake in Ross Stores by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after purchasing an additional 86 shares during the last quarter. Kintegral Advisory LLC boosted its position in Ross Stores by 3.0% during the second quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock valued at $428,000 after buying an additional 87 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Ross Stores by 1.5% during the second quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock valued at $862,000 after buying an additional 87 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 1.7 %

Shares of NASDAQ:ROST opened at $143.36 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. Ross Stores, Inc. has a 52-week low of $111.64 and a 52-week high of $163.60. The firm has a market capitalization of $47.56 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.29 and a beta of 1.09. The stock has a 50 day moving average price of $148.25 and a 200-day moving average price of $143.19.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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 business had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.71%.

Wall Street Analyst Weigh In

ROST has been the subject of a number of recent research reports. Loop Capital boosted their target price on Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. UBS Group increased their price objective on Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. TD Cowen lifted their target price on shares of Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company an “overweight” 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 research note on Saturday, September 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $169.71.

Insider Buying and Selling at Ross Stores

In other news, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction that occurred on 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 sale, the chairman now directly owns 11,133 shares of the company’s stock, valued at $1,694,665.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the transaction, the chief executive officer now directly owns 311,853 shares in the company, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the completion of the transaction, the chairman now owns 11,133 shares in the company, valued at approximately $1,694,665.26. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,138 shares of company stock valued at $11,093,051. Corporate insiders own 2.10% of the company’s stock.

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.