Ross Stores, Inc. (NASDAQ:ROST) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. raised its position in Ross Stores, Inc. (NASDAQ:ROST) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,806 shares of the apparel retailer’s stock after acquiring an additional 1,085 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Ross Stores were worth $2,827,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROST. Dynamic Advisor Solutions LLC purchased a new stake in shares of Ross Stores during the second quarter worth $209,000. Sequoia Financial Advisors LLC raised its position in Ross Stores by 20.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,991 shares of the apparel retailer’s stock valued at $871,000 after purchasing an additional 999 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Ross Stores by 57.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 96,580 shares of the apparel retailer’s stock valued at $14,035,000 after buying an additional 35,311 shares during the period. PGGM Investments boosted its stake in shares of Ross Stores by 724.1% in the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock valued at $3,611,000 after buying an additional 21,833 shares during the period. Finally, JLB & Associates Inc. grew its position in shares of Ross Stores by 1.3% during the second quarter. JLB & Associates Inc. now owns 125,141 shares of the apparel retailer’s stock worth $18,185,000 after buying an additional 1,659 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Down 0.3 %

Ross Stores stock opened at $155.77 on Wednesday. The stock’s 50 day moving average price is $145.80 and its 200 day moving average price is $146.42. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The company has a market cap of $51.68 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter last year, the business earned $1.33 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, sell-side analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.3675 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.94%. Ross Stores’s dividend payout ratio is presently 23.15%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ROST shares. UBS Group boosted their target price on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. Robert W. Baird boosted their target price on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. TD Cowen dropped their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.69.

Insider Activity at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. This represents a 7.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

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 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.