1,684 Shares in Ross Stores, Inc. $ROST Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,684 shares of the apparel retailer’s stock, valued at approximately $215,000.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its position in Ross Stores by 50.7% in the first quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Bayforest Capital Ltd increased its position in Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 190 shares during the last quarter. Banque Transatlantique SA bought a new stake in Ross Stores in the first quarter worth $29,000. Tradewinds Capital Management LLC increased its position in Ross Stores by 36.6% in the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Ross Stores in the second quarter worth $38,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Up 0.1%

NASDAQ ROST opened at $156.75 on Monday. The company’s 50-day moving average price is $150.62 and its 200-day moving average price is $142.83. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18. The stock has a market cap of $50.98 billion, a PE ratio of 24.88, a PEG ratio of 3.01 and a beta of 1.18. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $158.69.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 21st. The apparel retailer reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The firm had revenue of $5.53 billion for the quarter, compared to analysts’ expectations of $5.54 billion. Ross Stores had a net margin of 9.60% and a return on equity of 37.37%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. Equities research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were issued a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, September 9th. Ross Stores’s dividend payout ratio is presently 25.71%.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, insider Stephen C. Brinkley sold 6,437 shares of the stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $150.97, for a total transaction of $971,793.89. Following the transaction, the insider directly owned 57,012 shares in the company, valued at $8,607,101.64. This represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Karen Fleming sold 2,932 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $149.09, for a total transaction of $437,131.88. Following the transaction, the chief marketing officer owned 88,335 shares in the company, valued at approximately $13,169,865.15. The trade was a 3.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,720 shares of company stock valued at $7,761,212 in the last 90 days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ROST shares. UBS Group boosted their price objective on shares of Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Telsey Advisory Group reiterated a “market perform” rating and set a $160.00 price objective (up previously from $150.00) on shares of Ross Stores in a research report on Monday, August 18th. BTIG Research started coverage on shares of Ross Stores in a research report on Tuesday, October 14th. They set a “neutral” rating on the stock. Jefferies Financial Group upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and boosted their price objective for the company from $135.00 to $150.00 in a research report on Wednesday, July 2nd. Finally, Robert W. Baird boosted their price objective on shares of Ross Stores from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.33.

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.