2,527 Ross Stores, Inc. $ROST Shares Sold by Bokf Na

Bokf Na decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 37.1% in the third quarter, HoldingsChannel reports. The firm owned 4,292 shares of the apparel retailer’s stock after selling 2,527 shares during the quarter. Bokf Na’s holdings in Ross Stores were worth $1,002,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ROST. Conning Inc. boosted its position in shares of Ross Stores by 9.2% during the 3rd quarter. Conning Inc. now owns 23,672 shares of the apparel retailer’s stock valued at $5,525,000 after acquiring an additional 1,993 shares during the last quarter. Victory Financial Group LLC grew its holdings in shares of Ross Stores by 26.9% in the third quarter. Victory Financial Group LLC now owns 1,444 shares of the apparel retailer’s stock valued at $337,000 after purchasing an additional 306 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Ross Stores by 8.2% in the third quarter. Asset Management One Co. Ltd. now owns 183,942 shares of the apparel retailer’s stock worth $42,932,000 after purchasing an additional 13,901 shares during the last quarter. Latitude Advisors LLC bought a new stake in Ross Stores in the third quarter worth $50,000. Finally, Balance Wealth Partners LLC bought a new stake in Ross Stores in the third quarter worth $51,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In other Ross Stores news, CEO James Conroy sold 49,205 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $229.48, for a total value of $11,291,563.40. Following the transaction, the chief executive officer owned 134,349 shares of the company’s stock, valued at $30,830,408.52. This represents a 26.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Stephen Brinkley sold 6,424 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $229.66, for a total transaction of $1,475,335.84. Following the completion of the transaction, the insider owned 51,665 shares in the company, valued at $11,865,383.90. This represents a 11.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by insiders.

Ross Stores Trading Down 1.7%

Shares of ROST opened at $228.28 on Friday. Ross Stores, Inc. has a twelve month low of $157.39 and a twelve month high of $257.00. The company has a market cap of $72.92 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.04 and a beta of 0.83. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $231.17 and its 200-day simple moving average is $222.06.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.56 EPS. As a group, analysts expect that Ross Stores, Inc. will post 8.15 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th were paid a $0.4450 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is presently 21.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Evercore set a $290.00 price objective on shares of Ross Stores in a research report on Friday, August 21st. Robert W. Baird boosted their target price on shares of Ross Stores from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $294.00 target price on shares of Ross Stores in a report on Friday, August 21st. Wolfe Research started coverage on shares of Ross Stores in a research report on Wednesday, October 21st. They set an “outperform” rating and a $279.00 target price on the stock. Finally, UBS Group raised shares of Ross Stores from a “neutral” rating to a “buy” rating and increased their price target for the company from $239.00 to $315.00 in a report on Monday, October 26th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $272.06.

Ross Stores Profile

Ross Stores, Inc is an off-price apparel and home fashion retailer headquartered in Dublin, California. The company operates primarily through its Ross Dress for Less stores, which offer branded and designer apparel, accessories, footwear, and home merchandise at discounts to regular department and specialty store prices.

Ross Stores also operates dd’s DISCOUNTS, a chain focused on value-oriented apparel, accessories, footwear, and home products. Both retail formats generally purchase merchandise opportunistically from manufacturers, department stores, and other suppliers, allowing the company to offer changing assortments and discounted prices.

Founded in 1950, Ross Stores serves customers across the United States through its store network and e-commerce presence.