2 weeks Ago By ABMN Staff
Scientech Research LLC purchased a new stake in Ross Stores, Inc. ( NASDAQ:ROST – Free Report ) in the 2nd quarter, HoldingsChannel.com reports.
The firm purchased 6,051 shares of the apparel retailer’s stock, valued at approximately $879,000. Several other large investors have also modified their holdings of the business. Raleigh Capital Management Inc.
raised its holdings in shares of Ross Stores by 41.8% in the 4th quarter. Raleigh Capital Management Inc.
now owns 251 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 74 shares in the last quarter. Quotient Wealth Partners LLC grew its position in shares of Ross Stores by 4.0% in the 2nd quarter.
Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after buying an additional 85 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Ross Stores by 2.4% in the 2nd quarter.
Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after buying an additional 86 shares during the last quarter. Kintegral Advisory LLC grew its position in shares of Ross Stores by 3.0% in the 2nd quarter.
Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock worth $428,000 after buying an additional 87 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Ross Stores by 1.5% in the 2nd quarter.
Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after buying an additional 87 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.
Ross Stores Stock Performance Shares of NASDAQ ROST opened at $151.56 on Friday. The company has a current ratio of 1.
56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30.
Ross Stores, Inc. has a 12 month low of $109.19 and a 12 month high of $163.
60. The company has a 50 day simple moving average of $147.61 and a two-hundred day simple moving average of $143.
27. The stock has a market cap of $50.28 billion, a price-to-earnings ratio of 25.
56, a PEG ratio of 2.47 and a beta of 1.09.
Ross Stores Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $0.3675 dividend.
This represents a $1.47 annualized dividend and a dividend yield of 0.97%.
The ex-dividend date of this dividend is Tuesday, September 10th. Ross Stores’s dividend payout ratio is currently 24.79%.
Analysts Set New Price Targets A number of brokerages have recently issued reports on ROST. UBS Group lifted their price objective on shares of Ross Stores from $147.00 to $167.
00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Barclays lifted their price objective on shares of Ross Stores from $165.00 to $175.
00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Gordon Haskett raised shares of Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. TD Cowen boosted their target price on shares of Ross Stores from $173.
00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Telsey Advisory Group boosted their target price on shares of Ross Stores from $160.
00 to $175.00 and gave the stock a “market perform” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock.
According to MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and an average target price of $169.71. Read Our Latest Report on Ross Stores Insider Activity at Ross Stores In related news, COO Michael J.
Hartshorn sold 8,366 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 directly owns 103,049 shares in the company, valued at approximately $16,038,546.36.
The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website . In related news, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction on Monday, September 16th.
The shares were 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 directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website .
Also, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.
05. Following the completion of the transaction, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29.
The disclosure for this sale can be found here . Insiders sold a total of 72,138 shares of company stock worth $11,093,051 in the last three months. Company insiders own 2.
10% of the company’s stock. About Ross Stores ( Free Report ) 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. Read More Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc.
( NASDAQ:ROST – Free Report ). Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter .
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