Czech National Bank Sells 74 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Czech National Bank reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 0.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,236 shares of the apparel retailer’s stock after selling 74 shares during the quarter. Czech National Bank’s holdings in Ross Stores were worth $8,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of Ross Stores during the first quarter worth approximately $27,000. Geneos Wealth Management Inc. lifted its stake in shares of Ross Stores by 52.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock valued at $33,000 after purchasing an additional 83 shares during the period. Raleigh Capital Management Inc. boosted its position 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 worth $35,000 after purchasing an additional 74 shares during the last quarter. Rock Creek Group LP acquired a new stake in shares of Ross Stores during the third quarter worth $35,000. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Ross Stores in the fourth quarter valued at about $51,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Ross Stores

In other Ross Stores news, Director Larree M. Renda sold 4,168 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $147.89, for a total transaction of $616,405.52. Following the sale, the director now directly owns 3,166 shares of the company’s stock, valued at $468,219.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Patricia H. Mueller sold 941 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $138.37, for a total value of $130,206.17. Following the completion of the sale, the director now directly owns 973 shares of the company’s stock, valued at $134,634.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Larree M. Renda sold 4,168 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $147.89, for a total value of $616,405.52. Following the transaction, the director now directly owns 3,166 shares in the company, valued at $468,219.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 48,717 shares of company stock valued at $7,141,031. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROST. BMO Capital Markets raised their target price on Ross Stores from $138.00 to $165.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Guggenheim upped their target price on shares of Ross Stores from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Robert W. Baird lifted their price target on shares of Ross Stores from $145.00 to $162.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Loop Capital upped their price objective on shares of Ross Stores from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Finally, Citigroup lifted their target price on Ross Stores from $147.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.58.

Get Our Latest Stock Analysis on Ross Stores

Ross Stores Stock Down 0.9 %

Ross Stores stock traded down $1.32 during mid-day trading on Thursday, reaching $147.37. The company’s stock had a trading volume of 2,697,256 shares, compared to its average volume of 2,264,826. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.54. Ross Stores, Inc. has a 12 month low of $106.47 and a 12 month high of $151.12. The business’s 50 day simple moving average is $136.96 and its 200 day simple moving average is $139.75. The company has a market capitalization of $49.16 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08.

Ross Stores (NASDAQ:ROSTGet Free Report) last announced its quarterly earnings data on Thursday, May 23rd. The apparel retailer reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.11. Ross Stores had a return on equity of 42.24% and a net margin of 9.60%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same quarter last year, the company earned $1.09 EPS. Ross Stores’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Ross Stores, Inc. will post 5.97 earnings per share for the current year.

Ross Stores declared that its board has approved a stock buyback plan on Tuesday, March 5th that authorizes the company to repurchase $2.10 billion in outstanding shares. This repurchase authorization authorizes the apparel retailer to purchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Ross Stores Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, June 11th. Ross Stores’s payout ratio is presently 24.79%.

Ross Stores Profile

(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.

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

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