Qsemble Capital Management LP raised its stake in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 48.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,838 shares of the apparel retailer’s stock after purchasing an additional 7,753 shares during the quarter. Qsemble Capital Management LP’s holdings in Ross Stores were worth $4,294,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of ROST. Woodline Partners LP raised its position in Ross Stores by 39.9% in the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Ross Stores by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares in the last quarter. NewEdge Advisors LLC raised its position in Ross Stores by 35.8% in the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock valued at $1,350,000 after purchasing an additional 2,792 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Ross Stores by 2.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after acquiring an additional 265 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.
Insider Buying and Selling
In related news, Director Patricia H. Mueller sold 1,881 shares of Ross Stores stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total transaction of $400,897.53. Following the completion of the transaction, the director directly owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. The trade was a 46.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the transaction, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at approximately $24,935,577.48. This represents a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 25,756 shares of company stock valued at $5,521,004. 2.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
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Ross Stores Trading Down 0.2%
Shares of ROST stock opened at $212.75 on Friday. The business’s 50 day moving average is $218.48 and its two-hundred day moving average is $194.97. Ross Stores, Inc. has a twelve month low of $124.49 and a twelve month high of $231.16. The company has a market capitalization of $68.54 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 2.90 and a beta of 0.87. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16.
Ross Stores (NASDAQ:ROST – Get Free Report) last announced its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.10. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The company had revenue of $6.64 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period last year, the business posted $1.65 EPS. The company’s revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that Ross Stores, Inc. will post 7.33 EPS for the current year.
Ross Stores Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a dividend of $0.445 per share. This is a boost from Ross Stores’s previous quarterly dividend of $0.41. This represents a $1.78 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 13th. Ross Stores’s payout ratio is presently 26.93%.
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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