Wealth High Governance Capital Ltda Takes Position in Ross Stores, Inc. $ROST

Wealth High Governance Capital Ltda acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,205 shares of the apparel retailer’s stock, valued at approximately $2,199,000.

Several other hedge funds have also modified their holdings of ROST. American National Bank & Trust acquired a new stake in shares of Ross Stores in the third quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Ross Stores by 7,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after acquiring an additional 140 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Ross Stores in the third quarter valued at $29,000. City Holding Co. raised its stake in shares of Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 148 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. The Goldman Sachs Group increased their price objective on Ross Stores from $214.00 to $244.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Wells Fargo & Company raised their price target on Ross Stores from $205.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, March 4th. Zacks Research cut Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Barclays raised their price target on Ross Stores from $205.00 to $221.00 and gave the company an “overweight” rating in a research note on Monday, March 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $240.00 price target on shares of Ross Stores in a research note on Thursday, March 26th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.06.

Insiders Place Their Bets

In other Ross Stores news, Director Patricia H. Mueller sold 1,881 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total transaction of $400,897.53. Following the transaction, the director owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. This trade represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the transaction, the chief operating officer directly owned 116,028 shares in the company, valued at approximately $24,935,577.48. The trade was a 11.99% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 25,756 shares of company stock valued at $5,521,004. 2.10% of the stock is currently owned by insiders.

Ross Stores Stock Down 0.2%

Ross Stores stock opened at $225.08 on Thursday. Ross Stores, Inc. has a 1-year low of $124.49 and a 1-year high of $230.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.04. The stock has a market cap of $72.51 billion, a PE ratio of 34.05, a P/E/G ratio of 3.08 and a beta of 0.92. The stock’s fifty day moving average is $214.96 and its two-hundred day moving average is $190.48.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.10. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The company had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period last year, the firm earned $1.65 earnings per share. Ross Stores’s quarterly revenue was up 12.2% on a year-over-year basis. On average, sell-side analysts expect that Ross Stores, Inc. will post 7.32 EPS for the current fiscal year.

Ross Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.41. This represents a $1.78 annualized dividend and a dividend yield of 0.8%. Ross Stores’s dividend payout ratio is 26.93%.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.