3,318 Shares of Ross Stores, Inc. $ROST Acquired by Csenge Advisory Group

Csenge Advisory Group acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,318 shares of the apparel retailer’s stock, valued at approximately $774,000.

Several other institutional investors have also recently made changes to their positions in the business. Virtus Advisers LLC bought a new stake in Ross Stores during the 2nd quarter valued at approximately $38,000. Twin Lakes Capital Management LLC purchased a new position in Ross Stores in the 2nd quarter worth approximately $41,000. Bell Investment Advisors Inc purchased a new position in Ross Stores in the 2nd quarter worth approximately $43,000. BOK Financial Private Wealth Inc. bought a new position in Ross Stores in the 2nd quarter worth approximately $44,000. Finally, Elevation Wealth Partners LLC boosted its stake in Ross Stores by 402.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 211 shares of the apparel retailer’s stock worth $45,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ROST shares. Sanford C. Bernstein increased their price objective on shares of Ross Stores from $230.00 to $240.00 and gave the company a “market perform” rating in a report on Friday, August 21st. Bank of America lowered their target price on shares of Ross Stores from $265.00 to $258.00 and set a “buy” rating on the stock in a report on Tuesday, October 27th. Morgan Stanley boosted their target price on shares of Ross Stores from $231.00 to $234.00 and gave the stock an “equal weight” rating in a report on Friday, August 21st. Truist Financial upped their target price on shares of Ross Stores from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. Finally, Weiss Ratings raised shares of Ross Stores from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday, October 30th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and a consensus price target of $277.72.

Ross Stores Trading Down 1.7%

Shares of ROST stock opened at $237.24 on Friday. Ross Stores, Inc. has a 12-month low of $157.73 and a 12-month high of $257.00. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $231.64 and its 200-day moving average price is $224.12. The stock has a market capitalization of $75.79 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.85.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. Ross Stores had a return on equity of 39.29% and a net margin of 10.85%. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same period in the previous year, the business earned $1.56 earnings per share. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts predict that Ross Stores, Inc. will post 8.15 EPS for the current fiscal year.

Ross Stores Dividend Announcement

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

Insider Activity at Ross Stores

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

About Ross Stores

Ross Stores, Inc. is an off-price retailer operating Ross Dress for Less and dd’s DISCOUNTS. Its stores offer name-brand and designer merchandise at discounted prices, with product selection and availability varying by location and season. Ross Dress for Less sells apparel, footwear, accessories, home fashions, furnishings, and other merchandise for the whole family. dd’s DISCOUNTS offers a similar off-price assortment, including clothing, shoes, home goods, and related products. The company traces its origins to a department store founded in San Bruno, California, in 1950.