Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. reduced its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 50.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 69,500 shares of the apparel retailer's stock after selling 70,000 shares during the quarter. Rheos Capital Works Inc.'s holdings in Ross Stores were worth $10,460,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ROST. Riverview Trust Co acquired a new position in shares of Ross Stores in the 1st quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in Ross Stores during the 1st quarter worth approximately $27,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Ross Stores during the 2nd quarter worth approximately $27,000. SJS Investment Consulting Inc. lifted its holdings in Ross Stores by 262.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer's stock worth $31,000 after buying an additional 152 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new stake in Ross Stores during the 2nd quarter worth approximately $32,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Barbara Rentler sold 48,885 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Michael J. Hartshorn sold 8,366 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the sale, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 48,885 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares of the company's stock, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock worth $11,093,051 in the last 90 days. Company insiders own 2.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Ross Stores from a "hold" rating to a "buy" rating in a report on Saturday, September 14th. Bank of America increased their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. UBS Group increased their target price on shares of Ross Stores from $147.00 to $167.00 and gave the stock a "neutral" rating in a report on Friday, August 23rd. Telsey Advisory Group increased their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the company a "market perform" rating in a research report on Friday, August 23rd. Finally, TD Cowen increased their price objective on shares of Ross Stores from $173.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ross Stores has an average rating of "Moderate Buy" and a consensus target price of $169.71.

Ross Stores Stock Up 1.0 %

Shares of NASDAQ ROST traded up $1.41 during mid-day trading on Thursday, reaching $149.19. The company had a trading volume of 1,573,299 shares, compared to its average volume of 2,226,466. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $149.00 and a two-hundred day simple moving average of $143.23. The stock has a market cap of $49.77 billion, a P/E ratio of 25.16, a PEG ratio of 2.29 and a beta of 1.09. Ross Stores, Inc. has a 52-week low of $112.39 and a 52-week high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.09. The firm had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. Ross Stores's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Sell-side analysts predict that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores's dividend payout ratio is currently 24.79%.

Ross Stores 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.