Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. decreased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,061 shares of the apparel retailer’s stock after selling 984 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Ross Stores were worth $1,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Litman Gregory Asset Management LLC purchased a new position in shares of Ross Stores in the second quarter worth about $32,000. Berman Capital Advisors LLC raised its stake in Ross Stores by 32.2% during the first quarter. Berman Capital Advisors LLC now owns 522 shares of the apparel retailer’s stock worth $48,000 after purchasing an additional 127 shares during the period. Thor Advisors LLC purchased a new position in Ross Stores during the first quarter worth about $54,000. Cornerstone Advisors Inc. raised its stake in Ross Stores by 26.0% during the first quarter. Cornerstone Advisors Inc. now owns 820 shares of the apparel retailer’s stock worth $76,000 after purchasing an additional 169 shares during the period. Finally, Zions Bancorporation N.A. purchased a new position in Ross Stores during the first quarter worth about $76,000. Institutional investors and hedge funds own 88.16% of the company’s stock.

A number of brokerages have commented on ROST. BidaskClub raised shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Loop Capital raised shares of Ross Stores to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, August 16th. Goldman Sachs Group downgraded shares of Ross Stores from a “neutral” rating to a “sell” rating and reduced their price target for the company from $102.00 to $91.00 in a research note on Thursday, June 27th. Robert W. Baird started coverage on shares of Ross Stores in a research note on Monday, May 13th. They issued an “outperform” rating and a $108.00 price target on the stock. Finally, Zacks Investment Research raised shares of Ross Stores from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and a consensus price target of $99.95.

In other Ross Stores news, Chairman Michael Balmuth sold 81,049 shares of the company’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $92.87, for a total transaction of $7,527,020.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Barbara Rentler sold 40,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $99.16, for a total transaction of $3,966,400.00. Following the transaction, the chief executive officer now owns 473,922 shares of the company’s stock, valued at approximately $46,994,105.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 296,287 shares of company stock valued at $29,806,735. 2.30% of the stock is owned by insiders.

NASDAQ ROST traded up $1.08 on Thursday, hitting $106.78. 122,080 shares of the stock were exchanged, compared to its average volume of 1,663,945. The company has a 50-day moving average price of $104.48 and a 200-day moving average price of $97.89. Ross Stores, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $108.20. The company has a quick ratio of 0.64, a current ratio of 1.34 and a debt-to-equity ratio of 0.87. The company has a market cap of $37.96 billion, a PE ratio of 25.02, a PEG ratio of 2.22 and a beta of 0.89.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 EPS for the quarter, beating the consensus estimate of $1.12 by $0.01. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the firm earned $1.11 EPS. Ross Stores’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts predict that Ross Stores, Inc. will post 4.51 EPS for the current fiscal year.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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