Mather Group LLC. Acquires 195 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Mather Group LLC. raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 23.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,035 shares of the apparel retailer’s stock after acquiring an additional 195 shares during the period. Mather Group LLC.’s holdings in Ross Stores were worth $156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ROST. Riverview Trust Co bought a new position in Ross Stores during the first quarter valued at approximately $26,000. Rise Advisors LLC purchased a new stake in Ross Stores during the 1st quarter valued at $27,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Ross Stores during the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. boosted its stake in shares of Ross Stores by 262.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after buying an additional 152 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in shares of Ross Stores in the second quarter worth $32,000. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the topic of a number of recent research reports. StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Telsey Advisory Group increased their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Bank of America boosted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley increased their price target on shares of Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, TD Cowen upped their price objective on Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Three 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’s stock. According to MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average target price of $169.71.

Insider Transactions at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction that occurred 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 owns 311,853 shares in the company, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction that occurred 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 approximately $48,003,532.29. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction on 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 sale, the chairman now owns 11,133 shares in the company, valued at $1,694,665.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is currently owned by insiders.

Ross Stores Stock Up 1.7 %

Shares of ROST opened at $143.36 on Friday. The business’s 50 day moving average is $148.25 and its 200 day moving average is $143.22. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Ross Stores, Inc. has a 12-month low of $111.64 and a 12-month high of $163.60. The company has a market capitalization of $47.82 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last released its earnings results 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 firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 earnings per share. Research analysts expect that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.3675 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 1.03%. Ross Stores’s dividend payout ratio (DPR) is 24.79%.

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.