Cwm LLC Purchases 8,120 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Cwm LLC boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 62.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 21,219 shares of the apparel retailer’s stock after buying an additional 8,120 shares during the period. Cwm LLC’s holdings in Ross Stores were worth $3,194,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raleigh Capital Management Inc. grew its position 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 purchasing an additional 74 shares in the last quarter. Quotient Wealth Partners LLC grew its holdings in Ross Stores by 4.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock valued at $319,000 after buying an additional 85 shares in the last quarter. Checchi Capital Advisers LLC raised its position in shares of Ross Stores by 2.4% during the second quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock valued at $534,000 after buying an additional 86 shares during the last quarter. Kintegral Advisory LLC lifted its holdings 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 buying an additional 87 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position 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 worth $862,000 after acquiring an additional 87 shares during the last quarter. 86.86% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Morgan Stanley boosted their target price on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Finally, Barclays raised their target price on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Three investment 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.71.

Ross Stores Trading Up 1.7 %

ROST stock opened at $143.36 on Monday. The company has a market capitalization of $47.56 billion, a PE ratio of 23.12, a P/E/G ratio of 2.29 and a beta of 1.09. Ross Stores, Inc. has a 12 month low of $111.64 and a 12 month high of $163.60. The firm’s 50-day moving average is $148.25 and its 200 day moving average is $143.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05.

Ross Stores (NASDAQ:ROST) last posted its quarterly 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 company 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 firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.32 EPS. On average, research analysts anticipate that Ross Stores, Inc. will post 6.2 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 1.03%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s payout ratio is 23.71%.

Insider Activity

In other news, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction dated 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores 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 completion of the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Barbara Rentler sold 48,885 shares of Ross Stores 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 sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 72,138 shares of company stock worth $11,093,051. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Company 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.