New York State Common Retirement Fund Sells 37,487 Shares of Ross Stores, Inc. (NASDAQ:ROST)

New York State Common Retirement Fund reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,371 shares of the apparel retailer’s stock after selling 37,487 shares during the period. New York State Common Retirement Fund owned 0.06% of Ross Stores worth $29,706,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quotient Wealth Partners LLC lifted its stake 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 purchasing an additional 85 shares during the period. Checchi Capital Advisers LLC raised its position in Ross Stores by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after acquiring an additional 86 shares during the period. Kintegral Advisory LLC boosted its stake in shares of Ross Stores by 3.0% during the 2nd quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock worth $428,000 after acquiring an additional 87 shares during the last quarter. Parallel Advisors LLC increased its stake 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 purchasing an additional 87 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its holdings in Ross Stores by 1.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer’s stock worth $935,000 after purchasing an additional 87 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ross Stores

In other news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction that occurred 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 approximately $16,038,546.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Ross Stores 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 transaction of $1,302,084.24. Following the transaction, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction on Thursday, September 5th. The shares were 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 directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,138 shares of company stock worth $11,093,051 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ROST shares. Loop Capital boosted their price target on Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 23rd. UBS Group increased their target price on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a report on Friday, August 23rd. TD Cowen lifted their price target on shares of Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Wells Fargo & Company increased their price objective on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Finally, Morgan Stanley lifted their target price 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. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.88.

Ross Stores Stock Performance

NASDAQ ROST opened at $140.06 on Monday. The stock has a market capitalization of $46.47 billion, a PE ratio of 22.59, a P/E/G ratio of 2.27 and a beta of 1.09. Ross Stores, Inc. has a 1-year low of $116.50 and a 1-year high of $163.60. The business has a 50 day simple moving average of $148.27 and a two-hundred day simple moving average of $143.66. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. Ross Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. On average, research analysts predict that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a yield of 1.05%. Ross Stores’s payout ratio is currently 23.71%.

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.