SG Trading Solutions LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,500 shares of the apparel retailer’s stock, valued at approximately $991,000.
Several other large investors also recently made changes to their positions in ROST. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Ross Stores by 7,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after buying an additional 140 shares in the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of Ross Stores in the fourth quarter valued at $26,000. Bard Associates Inc. bought a new position in shares of Ross Stores in the fourth quarter valued at $31,000. City Holding Co. lifted its position in shares of Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 162 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Ross Stores during the 4th quarter valued at $32,000. Institutional investors own 86.86% of the company’s stock.
Ross Stores Trading Down 0.2%
Shares of NASDAQ ROST opened at $232.80 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a one year low of $124.49 and a one year high of $242.81. The business has a 50-day moving average price of $226.16 and a two-hundred day moving average price of $206.16. The firm has a market capitalization of $74.68 billion, a PE ratio of 32.51, a PEG ratio of 2.62 and a beta of 0.86.
Ross Stores Announces Dividend
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 0.8%. 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 news, COO Michael J. Hartshorn sold 15,813 shares of the business’s stock in a transaction 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 transaction, the chief operating officer directly owned 116,028 shares in the company, valued at $24,935,577.48. The trade was a 11.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the completion of the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages recently issued reports on ROST. Wall Street Zen upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 6th. JPMorgan Chase & Co. increased their price target on Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $257.00 price objective on shares of Ross Stores in a report on Friday, May 22nd. Guggenheim reiterated a “buy” rating and issued a $290.00 target price on shares of Ross Stores in a report on Monday, April 27th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $233.18.
View Our Latest Stock Report on Ross Stores
Ross Stores 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.
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