Cerity Partners LLC increased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 13.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 164,276 shares of the apparel retailer’s stock after purchasing an additional 20,103 shares during the quarter. Cerity Partners LLC’s holdings in Ross Stores were worth $29,592,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its position 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 acquiring an additional 140 shares during the period. Hilton Head Capital Partners LLC bought a new position in Ross Stores during the fourth quarter worth about $26,000. City Holding Co. increased its position in Ross Stores by 1,080.0% during the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after acquiring an additional 162 shares during the period. JFS Wealth Advisors LLC increased its position in Ross Stores by 42.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock worth $38,000 after acquiring an additional 63 shares during the period. Finally, Fideuram Asset Management Ireland dac bought a new position in Ross Stores during the fourth quarter worth about $38,000. 86.86% of the stock is owned by institutional investors.
Ross Stores Price Performance
ROST stock opened at $231.92 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.54 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $237.41. The firm has a market cap of $74.40 billion, a P/E ratio of 32.39, a P/E/G ratio of 2.58 and a beta of 0.86. The company’s 50-day moving average price is $224.11 and its two-hundred day moving average price is $203.63.
Ross Stores Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 9th. Ross Stores’s dividend payout ratio (DPR) is presently 24.86%.
Insider Buying and Selling
In other news, CMO Karen Sykes sold 5,506 shares of the firm’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 sale, the chief marketing officer directly owned 104,648 shares in the company, valued at approximately $22,331,883.20. This trade represents a 5.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Michael J. Hartshorn sold 15,813 shares of the firm’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 sale, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.10% of the company’s stock.
Analysts Set New Price Targets
ROST has been the topic of a number of recent research reports. Guggenheim reaffirmed a “buy” rating and set a $290.00 price target on shares of Ross Stores in a research report on Monday, April 27th. Barclays raised their price target on shares of Ross Stores from $242.00 to $260.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $270.00 target price on shares of Ross Stores in a report on Friday, May 22nd. Truist Financial raised their target price on shares of Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a report on Friday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $248.00 to $251.00 and gave the company an “overweight” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $233.18.
Check Out Our Latest Stock Analysis on Ross Stores
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.
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