UMB Bank n.a. Has $655,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

UMB Bank n.a. reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,351 shares of the apparel retailer’s stock after selling 199 shares during the quarter. UMB Bank n.a.’s holdings in Ross Stores were worth $655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sanibel Captiva Trust Company Inc. boosted its position in shares of Ross Stores by 20.2% during the third quarter. Sanibel Captiva Trust Company Inc. now owns 2,902 shares of the apparel retailer’s stock worth $437,000 after buying an additional 487 shares during the period. CWM LLC boosted its position in shares of Ross Stores by 62.0% during the third quarter. CWM LLC now owns 21,219 shares of the apparel retailer’s stock worth $3,194,000 after buying an additional 8,120 shares during the period. Park Place Capital Corp boosted its position in shares of Ross Stores by 35.2% during the third quarter. Park Place Capital Corp now owns 469 shares of the apparel retailer’s stock worth $71,000 after buying an additional 122 shares during the period. Tealwood Asset Management Inc. acquired a new position in shares of Ross Stores during the third quarter worth about $1,687,000. Finally, Clean Yield Group acquired a new position in shares of Ross Stores during the third quarter worth about $3,492,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ross Stores

In other news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction that occurred 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 transaction, the chairman now owns 11,133 shares in the company, valued at approximately $1,694,665.26. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Ross Stores news, 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 transaction, the chief executive officer now owns 311,853 shares in the company, valued at $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 available at the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the transaction, the chairman now owns 11,133 shares in the company, valued at approximately $1,694,665.26. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,138 shares of company stock worth $11,093,051. Company insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

ROST opened at $143.36 on Friday. The stock has a market cap of $47.82 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 2.31 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. Ross Stores, Inc. has a 12-month low of $111.64 and a 12-month high of $163.60. The business has a 50 day moving average of $148.25 and a 200-day moving average of $143.23.

Ross Stores (NASDAQ:ROST) last announced its 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 company had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.32 earnings per share. On average, equities research analysts expect that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.03%. Ross Stores’s dividend payout ratio (DPR) is currently 24.79%.

Analyst Ratings Changes

Several research analysts have recently weighed in on ROST shares. TD Cowen upped their price objective on Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased their price target on Ross Stores from $160.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Morgan Stanley increased their price target on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Bank of America increased their price target on Ross Stores from $170.00 to $180.00 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $169.71.

Ross Stores Company 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.