Tidal Investments LLC Sells 5,923 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Tidal Investments LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,932 shares of the apparel retailer's stock after selling 5,923 shares during the period. Tidal Investments LLC's holdings in Ross Stores were worth $4,054,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROST. Howe & Rusling Inc. increased its holdings in Ross Stores by 1.9% during the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer's stock worth $600,000 after purchasing an additional 73 shares during the period. Brown Brothers Harriman & Co. increased its holdings in shares of Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer's stock valued at $71,000 after acquiring an additional 76 shares during the last quarter. Quotient Wealth Partners LLC grew its stake in Ross Stores by 4.0% during the 2nd quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer's stock worth $319,000 after buying an additional 85 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in Ross Stores by 5.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer's stock worth $261,000 after buying an additional 85 shares during the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in Ross Stores by 2.4% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer's stock worth $534,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company's stock.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares of the company's stock, valued at $16,038,546.36. The trade was a 7.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Ross Stores Stock Down 0.2 %

Shares of ROST traded down $0.35 during midday trading on Friday, reaching $153.53. 1,698,006 shares of the company were exchanged, compared to its average volume of 3,041,926. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The stock has a 50-day moving average price of $146.37 and a 200-day moving average price of $146.76. The company has a market cap of $50.65 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 2.54 and a beta of 1.10.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Ross Stores's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 earnings per share. Research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, December 10th. Ross Stores's dividend payout ratio (DPR) is 23.15%.

Analysts Set New Price Targets

A number of research firms have weighed in on ROST. Bank of America increased their price objective on Ross Stores from $170.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Loop Capital lifted their price objective on Ross Stores from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. StockNews.com downgraded Ross Stores from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th. UBS Group raised their price target on Ross Stores from $147.00 to $167.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Finally, Citigroup downgraded Ross Stores from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Five research 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 company's stock. According to MarketBeat, Ross Stores currently has a consensus rating of "Moderate Buy" and an average target price of $171.69.

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.