Fieldview Capital Management LLC cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 46.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,547 shares of the apparel retailer’s stock after selling 10,093 shares during the period. Fieldview Capital Management LLC’s holdings in Ross Stores were worth $2,080,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ROST. Norges Bank acquired a new stake in Ross Stores during the fourth quarter valued at approximately $868,360,000. Holocene Advisors LP acquired a new stake in Ross Stores during the third quarter valued at approximately $351,763,000. Marshall Wace LLP lifted its stake in Ross Stores by 1,908.8% during the third quarter. Marshall Wace LLP now owns 1,816,763 shares of the apparel retailer’s stock valued at $276,857,000 after purchasing an additional 1,726,324 shares during the last quarter. Bank of America Corp DE lifted its stake in Ross Stores by 20.9% during the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after purchasing an additional 1,657,008 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in Ross Stores during the fourth quarter valued at approximately $204,750,000. 86.86% of the stock is owned by institutional investors and hedge funds.
Ross Stores Stock Up 0.4%
Shares of NASDAQ:ROST opened at $240.13 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 1.54. The company has a market cap of $77.03 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $242.81. The firm has a 50 day simple moving average of $224.97 and a 200 day simple moving average of $204.34.
Ross Stores Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio is currently 24.86%.
Insider Activity at Ross Stores
In other Ross Stores news, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total value of $1,174,980.40. Following the transaction, the chief marketing officer owned 104,648 shares in the company, valued at approximately $22,331,883.20. This represents a 5.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the transaction, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several brokerages recently commented on ROST. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $257.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Wall Street Zen upgraded shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 6th. Truist Financial upped their price target on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, May 22nd. Sanford C. Bernstein restated a “market perform” rating and issued a $230.00 price target on shares of Ross Stores in a research report on Friday, May 22nd. Finally, Telsey Advisory Group upped their price target on shares of Ross Stores from $240.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average price target of $233.18.
View Our Latest Stock Analysis on ROST
Ross Stores Company Profile
Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.
Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.
Read More
- Five stocks we like better than Ross Stores
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST – Free Report).
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.
