Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,610 shares of the apparel retailer’s stock after selling 325 shares during the period. Texas Permanent School Fund Corp’s holdings in Ross Stores were worth $10,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ROST. EverSource Wealth Advisors LLC increased its stake in shares of Ross Stores by 9.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 888 shares of the apparel retailer’s stock worth $123,000 after purchasing an additional 73 shares in the last quarter. 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 acquiring an additional 74 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of Ross Stores by 9.0% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 919 shares of the apparel retailer’s stock valued at $127,000 after acquiring an additional 76 shares in the last quarter. Greenleaf Trust lifted its holdings in Ross Stores by 1.6% in the 4th quarter. Greenleaf Trust now owns 5,133 shares of the apparel retailer’s stock worth $710,000 after buying an additional 80 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Ross Stores by 52.9% in the 4th quarter. Geneos Wealth Management Inc. now owns 240 shares of the apparel retailer’s stock worth $33,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ ROST traded up $0.99 during mid-day trading on Friday, hitting $151.79. The company had a trading volume of 107,243 shares, compared to its average volume of 2,253,030. The business’s 50-day simple moving average is $141.36 and its 200-day simple moving average is $141.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.54 and a quick ratio of 1.03. Ross Stores, Inc. has a 12 month low of $108.35 and a 12 month high of $152.66. The firm has a market cap of $50.63 billion, a P/E ratio of 25.43, a PEG ratio of 2.59 and a beta of 1.08.

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

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th were issued a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 0.97%. The ex-dividend date was Tuesday, June 11th. Ross Stores’s dividend payout ratio (DPR) is presently 24.79%.

Insider Buying and Selling at Ross Stores

In other news, Director Patricia H. Mueller sold 941 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $138.37, for a total value of $130,206.17. Following the sale, the director now owns 973 shares of the company’s stock, valued at approximately $134,634.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

ROST has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Ross Stores from $159.00 to $161.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Evercore ISI increased their target price 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. StockNews.com raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays upped their price target on shares of Ross Stores from $163.00 to $165.00 and gave the company an “overweight” rating in a research report on Friday, May 24th. Finally, Guggenheim upped their price objective on shares of Ross Stores from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.06.

Ross Stores 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.