Profund Advisors LLC Has $4.49 Million Stake in Ross Stores, Inc. (NASDAQ:ROST)

Profund Advisors LLC lowered its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,918 shares of the apparel retailer’s stock after selling 1,805 shares during the quarter. Profund Advisors LLC’s holdings in Ross Stores were worth $4,493,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. CreativeOne Wealth LLC acquired a new position in shares of Ross Stores in the fourth quarter valued at approximately $205,000. EverSource Wealth Advisors LLC increased its holdings in Ross Stores by 9.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the apparel retailer’s stock worth $123,000 after purchasing an additional 73 shares in the last quarter. Commerce Bank raised its stake in shares of Ross Stores by 232.6% in the 4th quarter. Commerce Bank now owns 32,182 shares of the apparel retailer’s stock valued at $4,454,000 after purchasing an additional 22,506 shares during the period. SageView Advisory Group LLC bought a new stake in shares of Ross Stores in the fourth quarter valued at about $278,000. Finally, Team Hewins LLC acquired a new position in shares of Ross Stores during the fourth quarter worth about $274,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 0.1 %

Shares of Ross Stores stock opened at $154.31 on Friday. Ross Stores, Inc. has a 12-month low of $108.35 and a 12-month high of $163.60. The stock has a market cap of $51.47 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.49 and a beta of 1.09. 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 business’s 50 day moving average is $147.23 and its 200-day moving average is $143.09.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the business earned $1.32 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities research analysts predict that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, September 10th. Ross Stores’s dividend payout ratio (DPR) is presently 24.79%.

Insider Activity at Ross Stores

In related news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction on Monday, September 16th. The stock was 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the company’s 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 transaction, the chairman now directly owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,138 shares of company stock worth $11,093,051. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Telsey Advisory Group lifted their target price on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays increased their target price on shares of Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Bank of America boosted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $169.71.

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.