2,813 Shares in Ross Stores, Inc. (NASDAQ:ROST) Purchased by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,813 shares of the apparel retailer's stock, valued at approximately $360,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its position in shares of Ross Stores by 2.2% during the first quarter. State of Alaska Department of Revenue now owns 38,663 shares of the apparel retailer's stock worth $4,940,000 after purchasing an additional 835 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in Ross Stores by 25.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 2,250 shares of the apparel retailer's stock worth $289,000 after buying an additional 455 shares in the last quarter. Clarius Group LLC lifted its holdings in Ross Stores by 20.5% during the 1st quarter. Clarius Group LLC now owns 4,225 shares of the apparel retailer's stock worth $540,000 after buying an additional 720 shares in the last quarter. Louisbourg Investments Inc. lifted its holdings in Ross Stores by 19.1% during the 1st quarter. Louisbourg Investments Inc. now owns 19,610 shares of the apparel retailer's stock worth $2,506,000 after buying an additional 3,145 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC lifted its stake in shares of Ross Stores by 1.1% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 9,200 shares of the apparel retailer's stock valued at $1,176,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 86.86% of the company's stock.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $127.67 on Friday. The company has a market capitalization of $41.76 billion, a PE ratio of 20.17, a PEG ratio of 2.69 and a beta of 1.14. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The stock's fifty day simple moving average is $140.98 and its 200 day simple moving average is $141.69. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.44 by $0.03. The company had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.94 billion. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. Ross Stores's revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 earnings per share. On average, research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $0.405 dividend. This represents a $1.62 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, June 10th. Ross Stores's dividend payout ratio is 25.59%.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 5,270 shares of Ross Stores stock in a transaction on Monday, March 31st. The shares were sold at an average price of $127.70, for a total value of $672,979.00. Following the sale, the chief marketing officer now directly owns 93,126 shares in the company, valued at approximately $11,892,190.20. The trade was a 5.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael J. Hartshorn sold 7,492 shares of Ross Stores stock in a transaction on Monday, March 24th. The shares were sold at an average price of $127.69, for a total transaction of $956,653.48. Following the completion of the sale, the chief operating officer now owns 139,091 shares in the company, valued at $17,760,529.79. The trade was a 5.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,059 shares of company stock valued at $3,768,677 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays decreased their price target on Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Morgan Stanley cut their target price on shares of Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a research report on Friday, May 23rd. Loop Capital reduced their price objective on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a research note on Friday, May 23rd. Finally, Wells Fargo & Company cut their price target on Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $159.53.

Ross Stores 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.

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