Ross Stores, Inc. (NASDAQ:ROST) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,894 shares of the apparel retailer’s stock after purchasing an additional 302 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Ross Stores were worth $436,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in Ross Stores during the second quarter worth approximately $27,000. SJS Investment Consulting Inc. boosted its position in 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 period. Industrial Alliance Investment Management Inc. acquired a new stake in Ross Stores in the 2nd quarter valued at $32,000. Armstrong Advisory Group Inc. purchased a new position in Ross Stores in the third quarter valued at about $33,000. Finally, Crewe Advisors LLC lifted its stake 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 worth $40,000 after purchasing an additional 136 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Up 0.3 %

Ross Stores stock opened at $154.89 on Friday. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The firm’s 50-day moving average is $145.31 and its 200-day moving average is $145.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The company has a market cap of $51.39 billion, a P/E ratio of 24.39, a PEG ratio of 2.54 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The firm had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. Ross Stores’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. On average, equities analysts expect that Ross Stores, Inc. will post 6.15 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $0.3675 per share. The ex-dividend date of this dividend 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 currently 23.15%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and lowered their target price for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a research note on Monday, November 18th. Bank of America upped their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. UBS Group lifted their price target on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, Gordon Haskett upgraded shares of Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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 the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 owns 103,049 shares in the company, valued at approximately $16,038,546.36. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chairman now owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. This represents a 57.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.