Focus Partners Wealth Has $2.57 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Focus Partners Wealth decreased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,011 shares of the apparel retailer's stock after selling 2,635 shares during the quarter. Focus Partners Wealth's holdings in Ross Stores were worth $2,573,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Kathmere Capital Management LLC bought a new position in shares of Ross Stores during the 4th quarter worth approximately $210,000. Park Avenue Securities LLC lifted its holdings in Ross Stores by 19.8% during the 4th quarter. Park Avenue Securities LLC now owns 8,349 shares of the apparel retailer's stock worth $1,263,000 after buying an additional 1,382 shares in the last quarter. Radnor Capital Management LLC boosted its holdings in Ross Stores by 10.8% in the fourth quarter. Radnor Capital Management LLC now owns 4,320 shares of the apparel retailer's stock valued at $653,000 after acquiring an additional 420 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Ross Stores by 3.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 14,286 shares of the apparel retailer's stock worth $2,161,000 after buying an additional 515 shares during the last quarter. Finally, Empirical Asset Management LLC raised its position in shares of Ross Stores by 5.7% during the 4th quarter. Empirical Asset Management LLC now owns 5,583 shares of the apparel retailer's stock valued at $844,000 after acquiring an additional 303 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Ross Stores Stock Up 0.8%

NASDAQ ROST opened at $151.89 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The stock has a market capitalization of $49.94 billion, a PE ratio of 23.92, a PEG ratio of 2.13 and a beta of 1.17. The business has a fifty day moving average price of $135.16 and a two-hundred day moving average price of $142.51.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating the consensus estimate of $1.65 by $0.14. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. Equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $0.405 dividend. This is a boost from Ross Stores's previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, March 18th. This represents a $1.62 annualized dividend and a dividend yield of 1.07%. Ross Stores's payout ratio is currently 25.63%.

Insider Activity

In other Ross Stores news, CMO Karen Fleming sold 5,339 shares of Ross Stores stock in a transaction that occurred on 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 sale, the chief marketing officer now directly owns 94,063 shares in the company, valued at approximately $11,826,540.99. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Karen Sykes sold 5,036 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $130.48, for a total transaction of $657,097.28. Following the transaction, the chief marketing officer now owns 110,365 shares in the company, valued at $14,400,425.20. The trade was a 4.36% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,398 shares of company stock valued at $4,439,950. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Ross Stores from $130.00 to $128.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Barclays lifted their price target on shares of Ross Stores from $150.00 to $157.00 and gave the company an "overweight" rating in a research note on Monday. Wells Fargo & Company upped their price objective on Ross Stores from $150.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday. Evercore ISI dropped their price objective on Ross Stores from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, BMO Capital Markets cut their target price on shares of Ross Stores from $168.00 to $156.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ross Stores has a consensus rating of "Moderate Buy" and a consensus target price of $161.53.

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.

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