Resonant Capital Advisors LLC Buys 127 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Resonant Capital Advisors LLC increased its stake in Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 2.4% in the third quarter, Holdings Channel reports. The institutional investor owned 5,362 shares of the apparel retailer’s stock after acquiring an additional 127 shares during the period. Resonant Capital Advisors LLC’s holdings in Ross Stores were worth $807,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of ROST. Los Angeles Capital Management LLC grew its stake in shares of Ross Stores by 68.8% during the second quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock valued at $347,585,000 after buying an additional 975,190 shares during the last quarter. AQR Capital Management LLC grew its position in Ross Stores by 59.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock valued at $183,263,000 after acquiring an additional 469,717 shares during the last quarter. Principal Financial Group Inc. increased its stake in Ross Stores by 27.8% in the second quarter. Principal Financial Group Inc. now owns 1,814,440 shares of the apparel retailer’s stock worth $263,675,000 after purchasing an additional 394,774 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Ross Stores by 24.2% during the second quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock worth $291,734,000 after purchasing an additional 390,518 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Ross Stores by 11.7% during the second quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer’s stock worth $481,062,000 after purchasing an additional 347,006 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ross Stores

In other news, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the transaction, the chief executive officer now owns 311,853 shares of the company’s stock, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by insiders.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $149.90 on Monday. The company has a market capitalization of $50.00 billion, a PE ratio of 25.28, a P/E/G ratio of 2.33 and a beta of 1.09. The company has a 50-day simple moving average of $149.21 and a two-hundred day simple moving average of $143.28. Ross Stores, Inc. has a one year low of $112.39 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56.

Ross Stores (NASDAQ:ROSTGet Free Report) last posted its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the prior year, the company posted $1.32 earnings per share. Ross Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. Research analysts expect that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.98%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s dividend payout ratio is currently 24.79%.

Analyst Ratings Changes

A number of research analysts have recently commented on ROST shares. Wells Fargo & Company upped their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Bank of America upped their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Gordon Haskett raised shares of Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. Telsey Advisory Group boosted their price target on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a report on Friday, August 23rd. Finally, Morgan Stanley raised their price objective on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.71.

Check Out Our Latest Analysis on Ross Stores

About Ross Stores

(Free Report)

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

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

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