Ross Stores, Inc. (ROST) Shares Bought by Steward Partners Investment Advisory LLC

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Steward Partners Investment Advisory LLC raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 42.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,928 shares of the apparel retailer’s stock after purchasing an additional 877 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Ross Stores were worth $290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TRUE Private Wealth Advisors acquired a new stake in Ross Stores in the third quarter valued at approximately $115,000. NuWave Investment Management LLC grew its holdings in Ross Stores by 168.7% in the second quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock valued at $145,000 after purchasing an additional 1,068 shares during the period. SRS Capital Advisors Inc. grew its holdings in Ross Stores by 81.5% in the second quarter. SRS Capital Advisors Inc. now owns 1,875 shares of the apparel retailer’s stock valued at $158,000 after purchasing an additional 842 shares during the period. MUFG Americas Holdings Corp grew its holdings in Ross Stores by 216.4% in the second quarter. MUFG Americas Holdings Corp now owns 1,924 shares of the apparel retailer’s stock valued at $163,000 after purchasing an additional 1,316 shares during the period. Finally, GSB Wealth Management LLC acquired a new stake in Ross Stores in the third quarter valued at approximately $207,000. 88.40% of the stock is currently owned by institutional investors.

In related news, Director Norman A. Ferber sold 10,144 shares of Ross Stores stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now owns 25,127 shares in the company, valued at $2,384,552.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Barbara Rentler sold 20,000 shares of Ross Stores stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of $95.15, for a total value of $1,903,000.00. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Several brokerages have commented on ROST. BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 12th. Nomura raised their price objective on Ross Stores from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 24th. Barclays began coverage on Ross Stores in a report on Tuesday, September 11th. They issued an “equal weight” rating and a $106.00 price objective on the stock. Deutsche Bank raised their price objective on Ross Stores from $91.00 to $96.00 and gave the company a “buy” rating in a report on Monday, August 20th. Finally, William Blair reissued an “outperform” rating on shares of Ross Stores in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Ross Stores presently has an average rating of “Buy” and a consensus target price of $96.04.

NASDAQ ROST opened at $99.00 on Thursday. The company has a market capitalization of $36.12 billion, a PE ratio of 29.64, a PEG ratio of 2.39 and a beta of 1.09. Ross Stores, Inc. has a 1-year low of $62.85 and a 1-year high of $101.20. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $1.04 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.03. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that Ross Stores, Inc. will post 4.12 earnings per share for the current fiscal year.

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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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