Nisa Investment Advisors LLC Buys 11,780 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Nisa Investment Advisors LLC increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 12.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,770 shares of the apparel retailer’s stock after purchasing an additional 11,780 shares during the period. Nisa Investment Advisors LLC’s holdings in Ross Stores were worth $15,769,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quotient Wealth Partners LLC increased its position in shares of Ross Stores by 4.0% in the second 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 last quarter. Checchi Capital Advisers LLC increased its position in shares of 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 increased its position in shares of Ross Stores by 3.0% in the second quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock worth $428,000 after purchasing an additional 87 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Ross Stores by 1.5% in the second quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after purchasing an additional 87 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Ross Stores by 1.4% in the third quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer’s stock worth $935,000 after purchasing an additional 87 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 103,049 shares of the company’s stock, valued at approximately $16,038,546.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction 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 completion of the transaction, the chairman now owns 11,133 shares in the company, valued at approximately $1,694,665.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the business’s 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 sale, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock valued at $11,093,051 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. UBS Group upped their target price on Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Barclays upped their target price on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their target price on Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Bank of America upped their target price on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.71.

Ross Stores Trading Down 2.9 %

NASDAQ ROST opened at $139.01 on Wednesday. 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 fifty-two week low of $113.45 and a fifty-two week high of $163.60. The stock has a market cap of $46.12 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.34 and a beta of 1.09. The stock has a 50 day simple moving average of $149.11 and a two-hundred day simple moving average of $143.53.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.32 earnings per share. On average, analysts forecast that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s dividend payout ratio is currently 23.71%.

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.