Curi RMB Capital LLC Grows Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Curi RMB Capital LLC lifted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 13.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,744 shares of the apparel retailer’s stock after purchasing an additional 201 shares during the quarter. Curi RMB Capital LLC’s holdings in Ross Stores were worth $262,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Ross Stores by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 28,916,192 shares of the apparel retailer’s stock worth $4,243,740,000 after buying an additional 346,474 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Ross Stores by 3.9% in the 3rd quarter. Victory Capital Management Inc. now owns 3,440,272 shares of the apparel retailer’s stock valued at $517,795,000 after purchasing an additional 129,908 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Ross Stores by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock worth $397,747,000 after purchasing an additional 254,720 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ross Stores by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,477,142 shares of the apparel retailer’s stock worth $359,991,000 after purchasing an additional 331,996 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in Ross Stores by 68.8% in the second quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock valued at $347,585,000 after buying an additional 975,190 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 1.2 %

NASDAQ:ROST opened at $140.69 on Friday. Ross Stores, Inc. has a 12-month low of $119.73 and a 12-month high of $163.60. 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 stock’s 50 day simple moving average is $146.18 and its 200-day simple moving average is $144.11. The firm has a market cap of $46.68 billion, a P/E ratio of 22.69, a PEG ratio of 2.31 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. Equities analysts anticipate that Ross Stores, Inc. will post 6.12 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given 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 yield of 1.04%. Ross Stores’s payout ratio is currently 23.71%.

Insider Activity

In other news, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the transaction, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction dated 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 completion of the sale, the chairman now owns 11,133 shares in the company, valued at $1,694,665.26. This represents a 57.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 72,138 shares of company stock worth $11,093,051. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ROST shares. Barclays lifted their price target on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Robert W. Baird increased their price target on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Telsey Advisory Group restated a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a research report on Tuesday, October 29th. Gordon Haskett raised shares of Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Finally, Morgan Stanley upped their price objective on shares of Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $170.00.

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.