Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 73.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233 shares of the apparel retailer’s stock after selling 642 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Ross Stores were worth $34,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ROST. Riverview Trust Co acquired a new position in shares of Ross Stores during the first quarter valued at $26,000. Rise Advisors LLC acquired a new position in Ross Stores during the 1st quarter valued at about $27,000. SJS Investment Consulting Inc. raised its position in shares of Ross Stores by 262.1% during 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 in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Ross Stores in the 2nd quarter worth approximately $32,000. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Ross Stores by 41.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ROST. Morgan Stanley boosted their target price on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. TD Cowen upped their price objective on Ross Stores from $173.00 to $185.00 and gave the company a “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. Bank of America upped their price target on shares of Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note 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 stock presently has an average rating of “Moderate Buy” and an average price target of $169.71.

Ross Stores Price Performance

ROST opened at $154.44 on Friday. The firm has a market capitalization of $51.24 billion, a P/E ratio of 26.04, a PEG ratio of 2.49 and a beta of 1.09. The stock has a fifty day moving average of $147.18 and a 200-day moving average of $143.11. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. Ross Stores, Inc. has a 12-month low of $108.35 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 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the business earned $1.32 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts forecast that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $0.3675 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.47 annualized dividend and a yield of 0.95%. Ross Stores’s dividend payout ratio is presently 24.79%.

Insiders Place Their Bets

In other news, COO Michael J. Hartshorn sold 8,366 shares of the business’s 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 transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction 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 approximately $16,038,546.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the sale, the chairman now directly owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock worth $11,093,051 in the last quarter. 2.10% of the stock is currently 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.