Hantz Financial Services Inc. raised its stake in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 1,221.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,538 shares of the apparel retailer’s stock after buying an additional 27,302 shares during the period. Hantz Financial Services Inc.’s holdings in Ross Stores were worth $5,321,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in ROST. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Ross Stores by 7,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock valued at $26,000 after purchasing an additional 140 shares in the last quarter. City Holding Co. raised its stake in Ross Stores by 1,080.0% during the 4th quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after buying an additional 162 shares during the period. JFS Wealth Advisors LLC raised its stake in Ross Stores by 42.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock worth $38,000 after buying an additional 63 shares during the period. Salomon & Ludwin LLC raised its stake in Ross Stores by 89.0% during the 4th quarter. Salomon & Ludwin LLC now owns 223 shares of the apparel retailer’s stock worth $42,000 after buying an additional 105 shares during the period. Finally, Cornerstone Planning Group LLC raised its stake in Ross Stores by 396.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 248 shares of the apparel retailer’s stock worth $46,000 after buying an additional 198 shares during the period. Institutional investors own 86.86% of the company’s stock.
Ross Stores Price Performance
ROST opened at $234.81 on Tuesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.58 and a quick ratio of 1.04. The company has a market capitalization of $75.64 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 3.11 and a beta of 0.87. The firm’s fifty day moving average price is $219.56 and its two-hundred day moving average price is $197.81. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $235.80.
Ross Stores Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.445 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 9th. Ross Stores’s payout ratio is currently 24.86%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Zacks Research downgraded Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. Wells Fargo & Company lifted their price objective on shares of Ross Stores from $235.00 to $245.00 and gave the company an “overweight” rating in a report on Friday. UBS Group upped their target price on shares of Ross Stores from $227.00 to $232.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays raised their price target on shares of Ross Stores from $205.00 to $221.00 and gave the company an “overweight” rating in a research report on Monday, March 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $230.88.
Check Out Our Latest Stock Analysis on Ross Stores
Insiders Place Their Bets
In other Ross Stores news, Director Patricia H. Mueller sold 1,881 shares of Ross Stores stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total transaction of $400,897.53. Following the transaction, the director directly owned 2,159 shares of the company’s stock, valued at $460,147.67. The trade was a 46.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Karen Sykes sold 5,506 shares of Ross Stores stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the transaction, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. This represents a 5.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 25,756 shares of company stock valued at $5,521,004 in the last three months. 2.10% of the stock is currently owned by insiders.
Ross Stores Company Profile
Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.
Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.
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