Ross Stores, Inc. (NASDAQ:ROST) Shares Purchased by Callan Family Office LLC

Callan Family Office LLC increased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,145 shares of the apparel retailer’s stock after acquiring an additional 428 shares during the period. Callan Family Office LLC’s holdings in Ross Stores were worth $323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Ross Stores by 1.2% during the first quarter. Vanguard Group Inc. now owns 28,916,192 shares of the apparel retailer’s stock worth $4,243,740,000 after purchasing an additional 346,474 shares in the last quarter. Wellington Management Group LLP boosted its position in Ross Stores by 14.6% during the fourth quarter. Wellington Management Group LLP now owns 4,722,885 shares of the apparel retailer’s stock worth $653,600,000 after purchasing an additional 601,031 shares in the last quarter. Victory Capital Management Inc. boosted 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 purchasing an additional 347,006 shares in the last quarter. Legal & General Group Plc boosted its position in Ross Stores by 10.3% during the second quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock worth $397,747,000 after purchasing an additional 254,720 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Ross Stores by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,477,142 shares of the apparel retailer’s stock worth $359,991,000 after purchasing an additional 331,996 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Ross Stores stock opened at $141.82 on Wednesday. The stock’s 50-day moving average is $148.26 and its 200-day moving average is $143.28. The company has a market cap of $47.31 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 2.40 and a beta of 1.09. 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, Inc. has a 12 month low of $110.82 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST) last released 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 company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $1.32 EPS. Equities analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were issued a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 1.04%. Ross Stores’s payout ratio is currently 24.79%.

Insider Activity at Ross Stores

In related news, CEO Barbara Rentler sold 48,885 shares of the firm’s 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 sale, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction that occurred 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 sale, the chairman now directly owns 11,133 shares in the company, valued at $1,694,665.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $7,524,868.05. Following the sale, the chief executive officer now owns 311,853 shares in the company, valued at $48,003,532.29. This 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. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ROST shares. Bank of America upped their price objective on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company upped their price objective on Ross Stores from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Morgan Stanley upped their price objective on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Finally, TD Cowen upped their price objective on Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.71.

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.