3,265 Shares in Ross Stores, Inc. (NASDAQ:ROST) Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,265 shares of the apparel retailer’s stock, valued at approximately $474,000.

Several other large investors have also made changes to their positions in ROST. Riverview Trust Co acquired a new position in Ross Stores in the 1st quarter valued at approximately $26,000. Rise Advisors LLC acquired a new position in Ross Stores in the 1st quarter valued at approximately $27,000. SJS Investment Consulting Inc. raised its holdings in Ross Stores by 262.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after acquiring an additional 152 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in Ross Stores in the 2nd quarter valued at approximately $32,000. Finally, Raleigh Capital Management Inc. raised its holdings in Ross Stores by 41.8% in the 4th 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. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the transaction, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. 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. Insiders own 2.10% of the company’s stock.

Ross Stores Stock Down 0.1 %

NASDAQ ROST opened at $154.31 on Friday. The firm has a market cap of $51.47 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.49 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. The stock’s 50 day simple moving average is $147.23 and its 200 day simple moving average is $143.14. Ross Stores, Inc. has a one year low of $108.35 and a one year 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, beating analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on ROST. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Bank of America increased their target price on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Robert W. Baird increased their target price on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Guggenheim increased their target price on Ross Stores from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, UBS Group increased their target price on Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price 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.