US Bancorp DE Sells 1,337 Shares of Ross Stores, Inc. $ROST

US Bancorp DE reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,165 shares of the apparel retailer’s stock after selling 1,337 shares during the period. US Bancorp DE’s holdings in Ross Stores were worth $10,610,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. ICW Investment Advisors LLC boosted its holdings in shares of Ross Stores by 0.4% during the 1st quarter. ICW Investment Advisors LLC now owns 18,458 shares of the apparel retailer’s stock worth $2,359,000 after buying an additional 67 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of Ross Stores by 3.8% during the 1st quarter. CreativeOne Wealth LLC now owns 1,932 shares of the apparel retailer’s stock worth $247,000 after buying an additional 70 shares during the period. Golden State Wealth Management LLC boosted its holdings in shares of Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after buying an additional 73 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Ross Stores by 6.1% during the 1st quarter. First Horizon Advisors Inc. now owns 1,280 shares of the apparel retailer’s stock worth $164,000 after buying an additional 74 shares during the period. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after buying an additional 75 shares during the period. 86.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Cowen reaffirmed a “buy” rating on shares of Ross Stores in a report on Friday, August 22nd. Jefferies Financial Group upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and upped their target price for the company from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Morgan Stanley upped their target price on shares of Ross Stores from $128.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, August 22nd. Barclays upped their target price on shares of Ross Stores from $156.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Finally, Wells Fargo & Company upped their target price on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, August 28th. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $160.67.

Ross Stores Price Performance

NASDAQ:ROST opened at $147.71 on Friday. The company has a 50-day moving average of $148.57 and a 200-day moving average of $140.88. The company has a market capitalization of $48.04 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.84 and a beta of 1.18. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $158.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 21st. The apparel retailer reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.59 EPS. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were given a dividend of $0.405 per share. The ex-dividend date was Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. Ross Stores’s dividend payout ratio (DPR) is 25.71%.

Insider Activity

In related news, CMO Karen Sykes sold 4,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the completion of the sale, the chief marketing officer owned 106,413 shares in the company, valued at $16,149,236.88. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Karen Fleming sold 2,932 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $149.09, for a total transaction of $437,131.88. Following the sale, the chief marketing officer owned 88,335 shares of the company’s stock, valued at $13,169,865.15. This trade represents a 3.21% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,720 shares of company stock worth $7,761,212. Company insiders own 2.20% of the company’s stock.

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.