Bleakley Financial Group LLC Buys 87 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Bleakley Financial Group LLC boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,214 shares of the apparel retailer’s stock after purchasing an additional 87 shares during the period. Bleakley Financial Group LLC’s holdings in Ross Stores were worth $935,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quotient Wealth Partners LLC grew its holdings in shares of Ross Stores by 4.0% in the second quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after acquiring an additional 85 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Ross Stores by 2.4% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock valued at $534,000 after purchasing an additional 86 shares during the period. Kintegral Advisory LLC increased its position in shares of Ross Stores by 3.0% during the 2nd quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock valued at $428,000 after purchasing an additional 87 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Ross Stores by 1.5% in the 2nd quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after purchasing an additional 87 shares during the period. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of Ross Stores by 2.1% in the first quarter. Resonant Capital Advisors LLC now owns 4,745 shares of the apparel retailer’s stock worth $696,000 after buying an additional 96 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Trading Up 0.5 %

Shares of Ross Stores stock opened at $149.90 on Monday. Ross Stores, Inc. has a twelve month low of $112.39 and a twelve month high of $163.60. 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 business has a 50-day moving average price of $149.21 and a 200-day moving average price of $143.28. The firm has a market cap of $50.00 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 2.33 and a beta of 1.09.

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, topping analysts’ consensus estimates of $1.50 by $0.09. The business 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 revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. Equities research analysts anticipate 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. Shareholders of record on Tuesday, September 10th were paid a $0.3675 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.98%. Ross Stores’s payout ratio is currently 24.79%.

Insider Transactions at Ross Stores

In related 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 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 approximately $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction on 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 sale, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 72,138 shares of company stock worth $11,093,051 in the last three months. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ROST shares. TD Cowen upped their target price on shares of Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Telsey Advisory Group boosted their price target on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a 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, 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 research report on Friday, August 23rd. Three 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.