Ross Stores, Inc. (NASDAQ:ROST) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 13.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,744 shares of the apparel retailer’s stock after purchasing an additional 201 shares during the period. Curi RMB Capital LLC’s holdings in Ross Stores were worth $262,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROST. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Ross Stores in the second quarter valued at $27,000. SJS Investment Consulting Inc. grew its holdings in Ross Stores by 262.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new stake in shares of Ross Stores during the second quarter worth about $32,000. Armstrong Advisory Group Inc. purchased a new stake in Ross Stores during the 3rd quarter worth approximately $33,000. Finally, Crewe Advisors LLC raised its position in shares of Ross Stores by 97.8% in the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock valued at $40,000 after purchasing an additional 136 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Morgan Stanley upped their price target on shares of Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Wells Fargo & Company lowered their price target on Ross Stores from $175.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. TD Cowen boosted their target price on shares of Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, Gordon Haskett upgraded shares of Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.00.

Ross Stores Stock Down 1.2 %

ROST opened at $140.69 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. Ross Stores, Inc. has a 12 month low of $119.73 and a 12 month high of $163.60. The stock’s 50 day moving average price is $146.18 and its 200 day moving average price is $144.11. The stock has a market cap of $46.68 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.31 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. As a group, research analysts predict that Ross Stores, Inc. will post 6.12 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.04%. Ross Stores’s dividend payout ratio is presently 23.71%.

Insider Buying and Selling

In related news, Chairman Michael Balmuth sold 14,887 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the completion of the transaction, the chairman now owns 11,133 shares of the company’s stock, valued at $1,694,665.26. This trade represents a 57.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 13.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,138 shares of company stock valued at $11,093,051 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Company Profile

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.