Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,753 shares of the apparel retailer’s stock after selling 160 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Ross Stores were worth $1,725,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Riverview Trust Co acquired a new stake in shares of Ross Stores in the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Ross Stores in the first quarter valued at approximately $27,000. Geneos Wealth Management Inc. increased its stake in shares of Ross Stores by 52.9% in the fourth 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. increased its stake in shares of Ross Stores by 41.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 74 shares during the period. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $51,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $150.00 to $163.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. UBS Group raised their price objective on shares of Ross Stores from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, May 24th. Evercore ISI raised their price objective on shares of Ross Stores from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Jefferies Financial Group raised their price objective on shares of Ross Stores from $135.00 to $147.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Finally, StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Monday, June 24th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.06.

Insiders Place Their Bets

In other news, Director Patricia H. Mueller sold 941 shares of Ross Stores stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $138.37, for a total transaction of $130,206.17. Following the sale, the director now directly owns 973 shares in the company, valued at approximately $134,634.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

ROST traded down $0.40 during trading on Thursday, hitting $144.00. The stock had a trading volume of 1,170,620 shares, compared to its average volume of 2,554,030. The firm has a market cap of $48.04 billion, a PE ratio of 24.28, a P/E/G ratio of 2.53 and a beta of 1.08. Ross Stores, Inc. has a 12 month low of $107.30 and a 12 month high of $151.12. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $139.36 and a 200-day simple moving average of $140.61.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 EPS for the quarter, topping the consensus estimate of $1.35 by $0.11. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.83 billion. Ross Stores had a net margin of 9.60% and a return on equity of 42.24%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. Analysts expect that Ross Stores, Inc. will post 5.97 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were given a $0.3675 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $1.47 annualized dividend and a yield of 1.02%. Ross Stores’s dividend payout ratio is 24.79%.

Ross Stores Company Profile

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.