Carroll Investors Inc purchased a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,379 shares of the apparel retailer's stock, valued at approximately $360,000. Ross Stores makes up about 0.2% of Carroll Investors Inc's holdings, making the stock its 24th largest position.
Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Ross Stores by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 8,287,162 shares of the apparel retailer's stock worth $1,250,423,000 after buying an additional 135,117 shares during the period. FMR LLC boosted its stake in Ross Stores by 11.9% during the fourth quarter. FMR LLC now owns 7,620,083 shares of the apparel retailer's stock worth $1,152,690,000 after acquiring an additional 807,850 shares in the last quarter. Norges Bank purchased a new stake in Ross Stores in the fourth quarter worth about $649,318,000. Invesco Ltd. increased its stake in shares of Ross Stores by 4.2% during the fourth quarter. Invesco Ltd. now owns 3,805,427 shares of the apparel retailer's stock valued at $575,647,000 after purchasing an additional 154,486 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Ross Stores by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 3,582,472 shares of the apparel retailer's stock valued at $541,921,000 after purchasing an additional 142,200 shares during the last quarter. 86.86% of the stock is owned by institutional investors.
Insider Buying and Selling at Ross Stores
In related news, COO Michael J. Hartshorn sold 7,492 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $127.69, for a total value of $956,653.48. Following the transaction, the chief operating officer now directly owns 139,091 shares of the company's stock, valued at approximately $17,760,529.79. The trade was a 5.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael Balmuth sold 11,261 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the sale, the chairman now directly owns 59,790 shares of the company's stock, valued at approximately $7,868,364. This trade represents a 15.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,398 shares of company stock valued at $4,439,950 over the last ninety days. 2.10% of the stock is currently owned by company insiders.
Ross Stores Stock Performance
NASDAQ:ROST traded up $0.95 during mid-day trading on Friday, hitting $139.63. 2,287,417 shares of the company traded hands, compared to its average volume of 2,662,945. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock's fifty day moving average price is $133.48 and its 200-day moving average price is $142.81. The firm has a market cap of $45.91 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $163.60.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.95 billion. Research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.
Ross Stores Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.405 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.62 annualized dividend and a yield of 1.16%. This is an increase from Ross Stores's previous quarterly dividend of $0.37. Ross Stores's dividend payout ratio is currently 25.63%.
Analyst Upgrades and Downgrades
ROST has been the subject of a number of recent research reports. Telsey Advisory Group lowered their price objective on Ross Stores from $175.00 to $150.00 and set a "market perform" rating for the company in a research note on Wednesday, March 5th. Citigroup raised Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price target for the company in a research report on Thursday, April 3rd. UBS Group reduced their price objective on shares of Ross Stores from $168.00 to $163.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of Ross Stores from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Finally, Evercore ISI reduced their price target on shares of Ross Stores from $175.00 to $170.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $160.87.
Read Our Latest Stock Analysis on Ross Stores
Ross Stores Profile
(
Free Report)
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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