Ross Stores, Inc. (NASDAQ:ROST) Shares Acquired by Kestra Advisory Services LLC

Posted by Defense World Staff on Apr 21st, 2023

Kestra Advisory Services LLC raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST – Get Rating) by 80.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,557 shares of the apparel retailer’s stock after buying an additional 8,258 shares during the period. Kestra Advisory Services LLC’s holdings in Ross Stores were worth $2,154,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ROST. Oregon Public Employees Retirement Fund grew its stake in shares of Ross Stores by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 26,847 shares of the apparel retailer’s stock worth $3,116,000 after purchasing an additional 87 shares during the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Ross Stores by 2.9% in the fourth quarter. Gateway Investment Advisers LLC now owns 3,236 shares of the apparel retailer’s stock worth $376,000 after buying an additional 92 shares during the period. Alpha Cubed Investments LLC boosted its holdings in shares of Ross Stores by 1.9% in the fourth quarter. Alpha Cubed Investments LLC now owns 5,733 shares of the apparel retailer’s stock worth $665,000 after buying an additional 106 shares during the period. Core Alternative Capital boosted its holdings in shares of Ross Stores by 59.7% in the third quarter. Core Alternative Capital now owns 321 shares of the apparel retailer’s stock worth $27,000 after buying an additional 120 shares during the period. Finally, Sage Rhino Capital LLC boosted its holdings in shares of Ross Stores by 1.5% in the third quarter. Sage Rhino Capital LLC now owns 8,171 shares of the apparel retailer’s stock worth $689,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 89.07% of the company’s stock.

Insider Activity at Ross Stores

In other news, CAO Jeffrey P. Burrill sold 3,297 shares of Ross Stores stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $104.73, for a total value of $345,294.81. Following the transaction, the chief accounting officer now owns 23,148 shares of the company’s stock, valued at $2,424,290.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, COO Michael J. Hartshorn sold 20,529 shares of Ross Stores stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $112.37, for a total value of $2,306,843.73. Following the transaction, the chief operating officer now owns 127,659 shares of the company’s stock, valued at $14,345,041.83. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey P. Burrill sold 3,297 shares of Ross Stores stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of $104.73, for a total transaction of $345,294.81. Following the completion of the transaction, the chief accounting officer now directly owns 23,148 shares in the company, valued at approximately $2,424,290.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,047 shares of company stock valued at $3,947,565. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ROST has been the subject of several recent analyst reports. Robert W. Baird raised their target price on shares of Ross Stores from $125.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, March 1st. Telsey Advisory Group reiterated a “market perform” rating and issued a $120.00 target price on shares of Ross Stores in a report on Wednesday, March 1st. Barclays raised their target price on shares of Ross Stores from $127.00 to $139.00 and gave the stock an “overweight” rating in a report on Friday, January 13th. Loop Capital upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and raised their target price for the stock from $105.00 to $115.00 in a report on Wednesday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Ross Stores from $121.00 to $120.00 in a report on Wednesday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $120.53.

Ross Stores Price Performance

Shares of ROST opened at $106.03 on Friday. The firm has a market cap of $36.27 billion, a PE ratio of 24.15, a PEG ratio of 2.00 and a beta of 0.97. The firm’s 50 day moving average price is $107.54 and its 200 day moving average price is $107.28. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.90. Ross Stores, Inc. has a twelve month low of $69.24 and a twelve month high of $122.44.

Ross Stores (NASDAQ:ROST – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The apparel retailer reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.08. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.14 billion. Ross Stores had a net margin of 8.09% and a return on equity of 36.40%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.04 earnings per share. As a group, research analysts expect that Ross Stores, Inc. will post 4.94 EPS for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Tuesday, March 14th were given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.26%. The ex-dividend date was Monday, March 13th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.31. Ross Stores’s dividend payout ratio (DPR) is presently 30.52%.

Ross Stores Company Profile

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Ross Stores, Inc engages in the operation of off-price retail apparel and home accessories stores. Its products include branded and designer apparel, accessories, footwear, and home fashions through the Dress for Less and dd’s DISCOUNTS brands. The company was founded by Stuart G. Moldaw in 1957 and is headquartered in Dublin, CA.