Vise Technologies Inc. Purchases 5,143 Shares of Ross Stores, Inc. $ROST

Vise Technologies Inc. boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 30.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,934 shares of the apparel retailer’s stock after acquiring an additional 5,143 shares during the period. Vise Technologies Inc.’s holdings in Ross Stores were worth $5,119,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Avestar Capital LLC raised its position in shares of Ross Stores by 66.0% in the third quarter. Avestar Capital LLC now owns 3,787 shares of the apparel retailer’s stock worth $884,000 after buying an additional 1,506 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in Ross Stores by 13.7% during the third quarter. Raleigh Capital Management Inc. now owns 1,356 shares of the apparel retailer’s stock valued at $316,000 after buying an additional 163 shares during the period. International Assets Investment Management LLC grew its position in Ross Stores by 1,483.0% during the third quarter. International Assets Investment Management LLC now owns 35,000 shares of the apparel retailer’s stock worth $8,169,000 after buying an additional 32,789 shares in the last quarter. Glenview Trust Co grew its position in Ross Stores by 6.9% during the third quarter. Glenview Trust Co now owns 89,103 shares of the apparel retailer’s stock worth $20,797,000 after buying an additional 5,786 shares in the last quarter. Finally, United Asset Strategies Inc. grew its position in Ross Stores by 3.3% during the third quarter. United Asset Strategies Inc. now owns 11,027 shares of the apparel retailer’s stock worth $2,574,000 after buying an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wolfe Research started coverage on Ross Stores in a research note on Wednesday, October 21st. They issued an “outperform” rating and a $279.00 target price on the stock. Robert W. Baird lifted their price target on Ross Stores from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, August 21st. Morgan Stanley boosted their price objective on Ross Stores from $231.00 to $234.00 and gave the stock an “equal weight” rating in a report on Friday, August 21st. Truist Financial boosted their price objective on Ross Stores from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Finally, Wall Street Zen upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Sunday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average price target of $272.06.

Insider Activity

In other Ross Stores news, insider Stephen Brinkley sold 6,424 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $229.66, for a total transaction of $1,475,335.84. Following the transaction, the insider directly owned 51,665 shares in the company, valued at $11,865,383.90. This trade represents a 11.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James Conroy sold 49,205 shares of Ross Stores stock in a transaction on Monday, September 14th. The stock was sold at an average price of $229.48, for a total transaction of $11,291,563.40. Following the completion of the transaction, the chief executive officer owned 134,349 shares in the company, valued at approximately $30,830,408.52. The trade was a 26.81% decrease in their position. The SEC filing for this sale provides additional information. 2.10% of the stock is currently owned by corporate insiders.

Ross Stores Stock Performance

Ross Stores stock opened at $231.60 on Wednesday. The firm’s fifty day moving average price is $230.80 and its 200-day moving average price is $222.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.98 and a current ratio of 1.61. The stock has a market cap of $73.98 billion, a P/E ratio of 28.04, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85. Ross Stores, Inc. has a fifty-two week low of $157.73 and a fifty-two week high of $257.00.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.71. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. On average, equities research analysts expect that Ross Stores, Inc. will post 8.15 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th were issued a $0.4450 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 8th. Ross Stores’s dividend payout ratio is presently 21.55%.

Ross Stores Profile

Ross Stores, Inc is an off-price apparel and home fashion retailer headquartered in Dublin, California. The company operates primarily through its Ross Dress for Less stores, which offer branded and designer apparel, accessories, footwear, and home merchandise at discounts to regular department and specialty store prices.

Ross Stores also operates dd’s DISCOUNTS, a chain focused on value-oriented apparel, accessories, footwear, and home products. Both retail formats generally purchase merchandise opportunistically from manufacturers, department stores, and other suppliers, allowing the company to offer changing assortments and discounted prices.

Founded in 1950, Ross Stores serves customers across the United States through its store network and e-commerce presence.