Kapitalo Investimentos Ltda Makes New Investment in Ross Stores, Inc. (NASDAQ:ROST)

Kapitalo Investimentos Ltda acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROSTFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,674 shares of the apparel retailer’s stock, valued at approximately $232,000.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in Ross Stores by 52.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock worth $33,000 after acquiring an additional 83 shares during the period. Rock Creek Group LP acquired a new stake in shares of Ross Stores during the 3rd quarter valued at about $35,000. Raleigh Capital Management Inc. lifted its holdings in shares of Ross Stores by 41.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 74 shares during the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Ross Stores during the 4th quarter valued at about $51,000. Finally, Mendota Financial Group LLC acquired a new stake in shares of Ross Stores during the 4th quarter valued at about $61,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on Ross Stores from $159.00 to $161.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. BMO Capital Markets boosted 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. UBS Group boosted their target price on Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. TD Cowen boosted their target price on Ross Stores from $173.00 to $176.00 and gave the stock a “buy” rating in a report on Friday, May 24th. Finally, The Goldman Sachs Group upped their price target on Ross Stores from $143.00 to $163.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.58.

Check Out Our Latest Stock Analysis on Ross Stores

Insider Buying and Selling at Ross Stores

In other Ross Stores 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 transaction, the director now directly owns 973 shares in the company, valued at $134,634.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Michael K. Kobayashi sold 13,860 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $147.46, for a total transaction of $2,043,795.60. Following the transaction, the insider now owns 61,657 shares in the company, valued at $9,091,941.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patricia H. Mueller sold 941 shares of Ross Stores stock in a transaction 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 sale, the director now directly owns 973 shares of the company’s stock, valued at approximately $134,634.01. The disclosure for this sale can be found here. Insiders sold a total of 48,717 shares of company stock worth $7,141,031 over the last ninety days. 2.10% of the stock is currently owned by corporate insiders.

Ross Stores Trading Down 0.6 %

NASDAQ:ROST traded down $0.97 during mid-day trading on Tuesday, hitting $149.41. The company had a trading volume of 429,267 shares, compared to its average volume of 2,243,193. The firm has a market cap of $49.84 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.56 and a beta of 1.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.54. The business’s fifty day moving average is $136.43 and its two-hundred day moving average is $139.52. Ross Stores, Inc. has a fifty-two week low of $106.47 and a fifty-two week high of $151.12.

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

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a $0.3675 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $1.47 dividend on an annualized basis and a yield of 0.98%. Ross Stores’s dividend payout ratio is 24.79%.

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

About Ross Stores

(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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