Ross Stores, Inc. (NASDAQ:ROST) Position Lowered by AlphaMark Advisors LLC

AlphaMark Advisors LLC lessened its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,115 shares of the apparel retailer’s stock after selling 180 shares during the period. AlphaMark Advisors LLC’s holdings in Ross Stores were worth $619,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Riverview Trust Co bought a new position in shares of Ross Stores in the 1st quarter worth about $26,000. Rise Advisors LLC acquired a new stake in Ross Stores in the first quarter worth $27,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Ross Stores during the second quarter valued at $27,000. SJS Investment Consulting Inc. grew its position in shares of Ross Stores by 262.1% during the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 152 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. acquired a new position in Ross Stores during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the transaction, the chief executive officer now directly owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Barbara Rentler sold 48,885 shares of the business’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 directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the sale, the chairman now directly owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,138 shares of company stock valued at $11,093,051. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays lifted their price objective on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Robert W. Baird increased their target price on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. UBS Group boosted their price target on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Finally, StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, September 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $169.71.

Ross Stores Price Performance

Shares of ROST opened at $149.19 on Friday. The business’s 50-day moving average is $149.00 and its 200-day moving average is $143.23. Ross Stores, Inc. has a fifty-two week low of $112.39 and a fifty-two week high of $163.60. The company has a market capitalization of $49.50 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 earnings per share. Equities research analysts expect that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.99%. Ross Stores’s dividend payout ratio (DPR) is 23.71%.

About Ross Stores

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.