Daymark Wealth Partners LLC Has $239,000 Stock Holdings in Ross Stores, Inc. $ROST

Daymark Wealth Partners LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,876 shares of the apparel retailer’s stock after purchasing an additional 97 shares during the period. Daymark Wealth Partners LLC’s holdings in Ross Stores were worth $239,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC increased its stake in shares of Ross Stores by 50.7% during the 1st 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 stake in shares of Ross Stores by 372.5% during the 1st 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 acquired a new position in shares of Ross Stores during the 1st quarter worth about $29,000. Ameritas Advisory Services LLC acquired a new position in shares of Ross Stores during the 2nd quarter worth about $38,000. Finally, Carderock Capital Management Inc. acquired a new position in Ross Stores in the 2nd quarter valued at about $48,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO James Grant Conroy sold 39,351 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $146.00, for a total transaction of $5,745,246.00. Following the completion of the sale, the chief executive officer owned 157,153 shares of the company’s stock, valued at approximately $22,944,338. This represents a 20.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen C. Brinkley sold 6,437 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total transaction of $971,793.89. Following the sale, the insider directly owned 57,012 shares of the company’s stock, valued at approximately $8,607,101.64. This trade represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 52,720 shares of company stock worth $7,761,212. Insiders own 2.20% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $158.92 on Friday. The company’s 50 day moving average price is $151.89 and its two-hundred day moving average price is $143.48. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $161.95. The firm has a market cap of $51.69 billion, a PE ratio of 25.23, a PEG ratio of 3.04 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.18.

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

Ross Stores Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on ROST shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $160.00 price target (up previously from $150.00) on shares of Ross Stores in a research note on Monday, August 18th. Citigroup upped their price target on shares of Ross Stores from $146.00 to $171.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Wells Fargo & Company upped their price target on shares of Ross Stores from $175.00 to $180.00 and gave the company an “overweight” rating in a research note on Monday. UBS Group upped their price target on shares of Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research note on Tuesday, October 14th. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.67.

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.