MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 2,905 Shares of Ross Stores, Inc. (NASDAQ:ROST)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 235,904 shares of the apparel retailer's stock after selling 2,905 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of Ross Stores worth $35,685,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ROST. Larson Financial Group LLC raised its stake in shares of Ross Stores by 152.9% in the fourth 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. BOK Financial Private Wealth Inc. purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $31,000. Cary Street Partners Financial LLC purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $48,000. Kestra Investment Management LLC purchased a new stake in shares of Ross Stores during the fourth quarter valued at approximately $51,000. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Ross Stores during the fourth quarter valued at approximately $53,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ross Stores

In other news, CMO Karen Sykes sold 5,036 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total value of $657,097.28. Following the completion of the transaction, the chief marketing officer now directly owns 110,365 shares of the company's stock, valued at $14,400,425.20. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael Balmuth sold 11,261 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $131.60, for a total value of $1,481,947.60. Following the completion of the transaction, the chairman now directly owns 59,790 shares of the company's stock, valued at $7,868,364. The trade was a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,398 shares of company stock valued at $4,439,950 over the last three months. Company insiders own 2.20% of the company's stock.

Ross Stores Stock Performance

NASDAQ ROST traded up $1.03 on Friday, hitting $152.92. 2,064,967 shares of the stock traded hands, compared to its average volume of 2,651,682. The business's fifty day moving average is $135.64 and its two-hundred day moving average is $142.61. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60. The firm has a market capitalization of $50.28 billion, a price-to-earnings ratio of 24.08, 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.

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

Ross Stores Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.405 dividend. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, March 18th. Ross Stores's dividend payout ratio (DPR) is presently 25.63%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Loop Capital decreased their price target on Ross Stores from $190.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Evercore ISI decreased their price target on Ross Stores from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. StockNews.com raised Ross Stores from a "hold" rating to a "buy" rating in a research report on Tuesday. JPMorgan Chase & Co. decreased their price target on Ross Stores from $166.00 to $161.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Finally, Barclays increased their price target on Ross Stores from $150.00 to $157.00 and gave the company an "overweight" rating in a research report on Monday, May 12th. Four 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. According to MarketBeat, Ross Stores has a consensus rating of "Moderate Buy" and an average price target 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.