Allworth Financial LP Buys 206 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Allworth Financial LP grew its stake in Ross Stores, Inc. (NASDAQ:ROST) by 5.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,802 shares of the apparel retailer’s stock after acquiring an additional 206 shares during the period. Allworth Financial LP’s holdings in Ross Stores were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Los Angeles Capital Management LLC grew its position in shares of Ross Stores by 68.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock worth $347,585,000 after buying an additional 975,190 shares during the period. AQR Capital Management LLC grew its position in shares of Ross Stores by 59.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock worth $183,263,000 after buying an additional 469,717 shares during the period. Principal Financial Group Inc. grew its position in shares of Ross Stores by 27.8% during the 2nd quarter. Principal Financial Group Inc. now owns 1,814,440 shares of the apparel retailer’s stock worth $263,675,000 after buying an additional 394,774 shares during the period. 1832 Asset Management L.P. grew its position in shares of Ross Stores by 24.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock worth $291,734,000 after buying an additional 390,518 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Ross Stores by 11.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer’s stock worth $481,062,000 after buying an additional 347,006 shares during the period. 86.86% of the stock is owned by institutional investors.

Ross Stores Stock Performance

Shares of ROST stock opened at $139.01 on Wednesday. The company’s fifty day simple moving average is $149.11 and its 200-day simple moving average is $143.53. 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 firm has a market cap of $46.12 billion, a PE ratio of 22.42, a P/E/G ratio of 2.34 and a beta of 1.09. Ross Stores, Inc. has a 12 month low of $113.45 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data 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 business had revenue of $5.29 billion for the quarter, compared to analyst estimates 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 for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 earnings per share. Equities research analysts expect that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s dividend payout ratio is presently 23.71%.

Analysts Set New Price Targets

ROST has been the subject of a number of analyst reports. Gordon Haskett upgraded shares of Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Robert W. Baird boosted their price objective on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. UBS Group boosted their price objective on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Telsey Advisory Group restated a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a report on Tuesday. Finally, Barclays boosted their price objective 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 analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.71.

Insider Transactions at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the 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 sale, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the 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 sale, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction on Thursday, September 5th. The shares were 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 of the company’s stock, valued at approximately $1,694,665.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,138 shares of company stock valued at $11,093,051 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

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.