Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Waverly Advisors LLC

Waverly Advisors LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 62.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,468 shares of the apparel retailer's stock after selling 2,466 shares during the period. Waverly Advisors LLC's holdings in Ross Stores were worth $222,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Larson Financial Group LLC boosted its stake in shares of Ross Stores by 152.9% during the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 107 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ross Stores during the fourth quarter valued at $31,000. Cary Street Partners Financial LLC purchased a new stake in shares of Ross Stores during the fourth quarter valued at $48,000. Kestra Investment Management LLC purchased a new stake in shares of Ross Stores during the fourth quarter valued at $51,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Ross Stores during the fourth quarter valued at $53,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Price Performance

Shares of NASDAQ:ROST traded down $1.59 during midday trading on Wednesday, reaching $139.70. 3,594,457 shares of the company's stock traded hands, compared to its average volume of 2,704,551. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60. The company has a market cap of $45.94 billion, a P/E ratio of 22.00, a PEG ratio of 2.13 and a beta of 1.17. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The company has a fifty day simple moving average of $138.75 and a two-hundred day simple moving average of $142.93.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.44 by $0.03. The firm 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 41.83% and a net margin of 9.95%. The business's revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.46 EPS. Equities analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.405 per share. The ex-dividend date is Tuesday, June 10th. This represents a $1.62 annualized dividend and a dividend yield of 1.16%. Ross Stores's dividend payout ratio is presently 25.59%.

Analysts Set New Price Targets

ROST has been the subject of several recent research reports. Telsey Advisory Group restated a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a report on Friday, May 23rd. Wells Fargo & Company decreased their price objective on Ross Stores from $155.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Evercore ISI decreased their price objective on Ross Stores from $170.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price objective on Ross Stores from $161.00 to $141.00 and set an "overweight" rating for the company in a report on Friday, May 23rd. Finally, Loop Capital decreased their price objective on Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $158.67.

Insider Activity at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 5,339 shares of Ross Stores stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $125.73, for a total value of $671,272.47. Following the completion of the transaction, the chief marketing officer now directly owns 94,063 shares of the company's stock, valued at $11,826,540.99. The trade was a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Karen Sykes sold 5,036 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total value of $657,097.28. Following the transaction, the chief marketing officer now directly owns 110,365 shares of the company's stock, valued at approximately $14,400,425.20. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,398 shares of company stock worth $4,439,950. Company insiders own 2.20% 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.