Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,685 shares of the apparel retailer's stock after selling 1,989 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Ross Stores were worth $1,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in Ross Stores by 152.9% during the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after purchasing an additional 107 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer's stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in Ross Stores by 36.6% during the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 75 shares during the last quarter. Putney Financial Group LLC acquired a new position in shares of Ross Stores during the 4th quarter valued at about $44,000. Finally, Cary Street Partners Financial LLC acquired a new position in shares of Ross Stores during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup raised shares of Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price target on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $141.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Morgan Stanley lowered their price target 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. Telsey Advisory Group reissued a "market perform" rating and set a $150.00 price target on shares of Ross Stores in a research report on Friday, May 23rd. Finally, Wall Street Zen cut shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Ross Stores currently has an average rating of "Moderate Buy" and an average price target of $158.94.

Ross Stores Trading Up 0.2%

NASDAQ:ROST traded up $0.31 on Friday, reaching $131.17. 2,171,499 shares of the company's stock were exchanged, compared to its average volume of 2,818,327. The company has a quick ratio of 0.95, a current ratio of 1.55 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $42.90 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 2.51 and a beta of 1.11. The business has a fifty day moving average of $138.04 and a 200-day moving average of $139.27. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (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 net margin of 9.79% and a return on equity of 38.77%. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Tuesday, June 10th. Ross Stores's dividend payout ratio is presently 25.59%.

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.