Coastline Trust Co Sells 1,425 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Coastline Trust Co cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 76.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 435 shares of the apparel retailer’s stock after selling 1,425 shares during the period. Coastline Trust Co’s holdings in Ross Stores were worth $65,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ROST. Quotient Wealth Partners LLC grew its holdings in shares of Ross Stores by 4.0% during the second quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after purchasing an additional 85 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its position in Ross Stores by 5.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock worth $261,000 after buying an additional 85 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in Ross Stores by 2.4% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after acquiring an additional 86 shares during the last quarter. Kintegral Advisory LLC increased its position in Ross Stores by 3.0% in the 2nd quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock valued at $428,000 after acquiring an additional 87 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Ross Stores by 1.5% during the second quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after purchasing an additional 87 shares in the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Down 1.2 %

Shares of Ross Stores stock opened at $140.69 on Friday. The company has a market capitalization of $46.68 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. The business has a 50-day moving average of $146.18 and a two-hundred day moving average of $144.21. Ross Stores, Inc. has a 1 year low of $119.73 and a 1 year high of $163.60.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.50 by $0.09. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. As a group, equities analysts predict that Ross Stores, Inc. will post 6.11 EPS for the current year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.3675 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.04%. Ross Stores’s dividend payout ratio (DPR) is 23.71%.

Insider Transactions at Ross Stores

In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the transaction, the chairman now owns 11,133 shares of the company’s stock, valued at $1,694,665.26. The trade was a 57.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock valued at $11,093,051 over the last three months. Company insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ROST shares. UBS Group raised their price target on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Tuesday, October 29th. Bank of America upped their price target on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their target price for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $170.00.

About Ross Stores

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.