Duality Advisers LP acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,914 shares of the apparel retailer’s stock, valued at approximately $338,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in ROST. Accurate Wealth Management LLC bought a new position in Ross Stores in the 4th quarter valued at approximately $25,000. Arlington Partners LLC acquired a new position in shares of Ross Stores during the fourth quarter worth $28,000. Capital Directions Investment Advisors LLC acquired a new position in shares of Ross Stores during the fourth quarter worth $30,000. General Partner Inc. acquired a new position in shares of Ross Stores during the fourth quarter worth $39,000. Finally, CVA Family Office LLC lifted its holdings in shares of Ross Stores by 38.3% during the third quarter. CVA Family Office LLC now owns 650 shares of the apparel retailer’s stock worth $55,000 after purchasing an additional 180 shares during the period. Institutional investors own 89.07% of the company’s stock.
Insider Buying and Selling at Ross Stores
In other Ross Stores news, COO Michael J. Hartshorn sold 20,529 shares of the business’s stock in a transaction dated 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 directly owns 127,659 shares in the company, valued at $14,345,041.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Michael K. Kobayashi sold 12,221 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $106.00, for a total value of $1,295,426.00. Following the sale, the insider now owns 96,486 shares of the company’s stock, valued at $10,227,516. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Michael J. Hartshorn sold 20,529 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $112.37, for a total transaction of $2,306,843.73. Following the completion of the sale, the chief operating officer now directly owns 127,659 shares in the company, valued at approximately $14,345,041.83. The disclosure for this sale can be found here. Insiders have sold a total of 36,047 shares of company stock worth $3,947,565 over the last three months. 1.90% of the stock is currently owned by insiders.
Ross Stores Stock Up 1.6 %
Ross Stores (NASDAQ:ROST – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The apparel retailer reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.08. Ross Stores had a net margin of 8.09% and a return on equity of 36.40%. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts predict that Ross Stores, Inc. will post 4.94 EPS for the current fiscal year.
Ross Stores Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Tuesday, March 14th were paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 1.28%. This is a boost from Ross Stores’s previous quarterly dividend of $0.31. The ex-dividend date was Monday, March 13th. Ross Stores’s payout ratio is presently 30.52%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on ROST. Credit Suisse Group reiterated an “outperform” rating and set a $123.00 price target on shares of Ross Stores in a report on Wednesday, March 1st. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, May 3rd. Robert W. Baird lifted their target price on shares of Ross Stores from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Ross Stores from $121.00 to $120.00 in a research note on Wednesday, March 1st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $123.00 to $124.00 and gave the stock an “overweight” rating in a research note on Monday, April 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.53.
Ross Stores Profile
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.
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