2,288 Ross Stores, Inc. $ROST Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 125,926 shares of the apparel retailer’s stock after selling 2,288 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Ross Stores were worth $29,391,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sigma Planning Corp lifted its stake in Ross Stores by 39.0% during the third quarter. Sigma Planning Corp now owns 7,523 shares of the apparel retailer’s stock worth $1,756,000 after purchasing an additional 2,110 shares during the period. IRON Financial LLC acquired a new stake in Ross Stores during the third quarter valued at approximately $980,000. Signaturefd LLC boosted its holdings in Ross Stores by 1.4% during the third quarter. Signaturefd LLC now owns 8,278 shares of the apparel retailer’s stock valued at $1,932,000 after purchasing an additional 117 shares in the last quarter. Gibbs Wealth Management boosted its holdings in Ross Stores by 41.8% during the third quarter. Gibbs Wealth Management now owns 5,012 shares of the apparel retailer’s stock valued at $1,170,000 after purchasing an additional 1,478 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its stake in shares of Ross Stores by 12.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 1,535 shares of the apparel retailer’s stock valued at $358,000 after purchasing an additional 173 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Performance

Shares of ROST stock opened at $229.30 on Monday. The company has a market capitalization of $73.25 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.93 and a beta of 0.83. Ross Stores, Inc. has a 12-month low of $156.41 and a 12-month high of $257.00. The company has a quick ratio of 0.98, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $231.44 and a 200 day moving average price of $230.11.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.71. The firm had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.56 earnings per share. Research analysts forecast that Ross Stores, Inc. will post 8.15 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th were issued a $0.4450 dividend. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, September 8th. Ross Stores’s payout ratio is presently 21.55%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Ross Stores from a “buy (b)” rating to a “buy (a-)” rating in a report on Friday, October 16th. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Sanford C. Bernstein boosted their price target on Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a research note on Friday, August 21st. JPMorgan Chase & Co. boosted their price target on Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a research note on Friday, August 21st. Finally, Truist Financial upped their price target on Ross Stores from $290.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $268.83.

Insider Buying and Selling

In related news, insider Stephen Brinkley sold 6,424 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $229.66, for a total transaction of $1,475,335.84. Following the sale, the insider directly owned 51,665 shares in the company, valued at $11,865,383.90. This represents a 11.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Conroy sold 49,205 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $229.48, for a total value of $11,291,563.40. Following the sale, the chief executive officer directly owned 134,349 shares of the company’s stock, valued at $30,830,408.52. This represents a 26.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is owned by corporate insiders.

Ross Stores Profile

Ross Stores, Inc is an off-price apparel and home fashion retailer headquartered in Dublin, California. The company operates primarily through its Ross Dress for Less stores, which offer branded and designer apparel, accessories, footwear, and home merchandise at discounts to regular department and specialty store prices.

Ross Stores also operates dd’s DISCOUNTS, a chain focused on value-oriented apparel, accessories, footwear, and home products. Both retail formats generally purchase merchandise opportunistically from manufacturers, department stores, and other suppliers, allowing the company to offer changing assortments and discounted prices.

Founded in 1950, Ross Stores serves customers across the United States through its store network and e-commerce presence.