ProShare Advisors LLC Grows Position in Ross Stores, Inc. $ROST

ProShare Advisors LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 37.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 564,517 shares of the apparel retailer’s stock after purchasing an additional 155,245 shares during the period. ProShare Advisors LLC’s holdings in Ross Stores were worth $101,692,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Somerset Trust Co boosted its stake in shares of Ross Stores by 0.4% during the 4th quarter. Somerset Trust Co now owns 14,788 shares of the apparel retailer’s stock worth $2,664,000 after purchasing an additional 55 shares during the period. Independent Advisor Alliance boosted its stake in shares of Ross Stores by 1.7% during the 4th quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock worth $596,000 after purchasing an additional 55 shares during the period. Florida Trust Wealth Management Co boosted its stake in shares of Ross Stores by 1.7% during the 4th quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock worth $612,000 after purchasing an additional 56 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of Ross Stores by 42.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock worth $38,000 after purchasing an additional 63 shares during the period. Finally, Composition Wealth LLC boosted its position in Ross Stores by 0.6% in the 4th quarter. Composition Wealth LLC now owns 9,832 shares of the apparel retailer’s stock valued at $1,771,000 after buying an additional 63 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores News Summary

Here are the key news stories impacting Ross Stores this week:

Insider Transactions at Ross Stores

In other news, Director Patricia H. Mueller sold 1,881 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total value of $400,897.53. Following the completion of the sale, the director owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. This represents a 46.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total transaction of $3,398,371.83. Following the completion of the sale, the chief operating officer directly owned 116,028 shares of the company’s stock, valued at $24,935,577.48. The trade was a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 25,756 shares of company stock valued at $5,521,004. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ROST shares. Sanford C. Bernstein set a $200.00 price objective on shares of Ross Stores in a research report on Wednesday, March 4th. Guggenheim reissued a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. Citigroup boosted their price objective on shares of Ross Stores from $240.00 to $261.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Ross Stores from $205.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, March 4th. Seventeen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $218.56.

View Our Latest Analysis on Ross Stores

Ross Stores Price Performance

Ross Stores stock opened at $212.68 on Wednesday. The stock has a market cap of $68.51 billion, a price-to-earnings ratio of 32.18, a price-to-earnings-growth ratio of 2.86 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.04. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $231.16. The firm has a 50-day moving average of $218.42 and a two-hundred day moving average of $195.95.

Ross Stores (NASDAQ:ROSTGet Free Report) last announced its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a net margin of 9.43% and a return on equity of 36.70%. The firm had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the prior year, the company earned $1.65 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. On average, research analysts forecast that Ross Stores, Inc. will post 7.36 earnings per share for the current year.

Ross Stores Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were given a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, March 13th. This is a boost from Ross Stores’s previous quarterly dividend of $0.41. Ross Stores’s dividend payout ratio is currently 26.93%.

Ross Stores Company Profile

(Free Report)

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.

Further Reading

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:ROSTFree Report).

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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.