Fidelis Capital Partners LLC Has $477,000 Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Fidelis Capital Partners LLC grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 7.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,498 shares of the apparel retailer’s stock after purchasing an additional 240 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Ross Stores were worth $477,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Ross Stores by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 28,916,192 shares of the apparel retailer’s stock valued at $4,243,740,000 after buying an additional 346,474 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Ross Stores by 14.6% in the fourth quarter. Wellington Management Group LLP now owns 4,722,885 shares of the apparel retailer’s stock valued at $653,600,000 after acquiring an additional 601,031 shares in the last quarter. Victory Capital Management Inc. increased its position in Ross Stores by 11.7% during the second quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer’s stock worth $481,062,000 after acquiring an additional 347,006 shares during the period. Bank of New York Mellon Corp raised its stake in Ross Stores by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 3,085,590 shares of the apparel retailer’s stock worth $452,841,000 after purchasing an additional 78,423 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Ross Stores by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,477,142 shares of the apparel retailer’s stock valued at $359,991,000 after purchasing an additional 331,996 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

ROST has been the topic of several recent research reports. Gordon Haskett raised shares of Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Robert W. Baird lifted their price objective on Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Barclays increased their target price on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. Finally, Wells Fargo & Company upped 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. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.71.

Ross Stores Price Performance

Shares of ROST opened at $154.31 on Monday. 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 stock has a market cap of $51.47 billion, a PE ratio of 26.02, a PEG ratio of 2.49 and a beta of 1.09. Ross Stores, Inc. has a 12-month low of $108.35 and a 12-month high of $163.60. The business has a 50-day simple moving average of $147.23 and a two-hundred day simple moving average of $143.06.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.95%. Ross Stores’s dividend payout ratio is 24.79%.

Insider Activity at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock in a transaction dated 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 transaction, the chief executive officer now directly owns 311,853 shares of the company’s stock, valued at approximately $48,003,532.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the transaction, the chief operating officer now owns 103,049 shares of the company’s stock, valued at $16,038,546.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were 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 approximately $48,003,532.29. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock worth $11,093,051 over the last three months. Company 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.