Modera Wealth Management LLC Has $569,000 Stake in Ross Stores, Inc. $ROST

Modera Wealth Management LLC decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 11.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,460 shares of the apparel retailer’s stock after selling 603 shares during the quarter. Modera Wealth Management LLC’s holdings in Ross Stores were worth $569,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Banque Transatlantique SA bought a new stake in Ross Stores in the first quarter worth approximately $29,000. Bayforest Capital Ltd lifted its stake in shares of Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Ross Stores in the 2nd quarter valued at $38,000. Zions Bancorporation National Association UT bought a new stake in Ross Stores in the first quarter worth $48,000. Finally, Carderock Capital Management Inc. acquired a new position in Ross Stores during the second quarter worth $48,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $161.08 on Monday. The company has a market cap of $52.39 billion, a price-to-earnings ratio of 25.57, a PEG ratio of 3.04 and a beta of 1.16. The business has a 50 day moving average price of $153.18 and a 200 day moving average price of $144.34. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $165.07.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 21st. The apparel retailer reported $1.56 EPS for the quarter, topping the consensus estimate of $1.54 by $0.02. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The company had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period in the previous year, the business posted $1.59 EPS. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 9th were issued a $0.405 dividend. The ex-dividend date of this dividend was Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a yield of 1.0%. Ross Stores’s dividend payout ratio is 25.71%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ROST shares. UBS Group raised their target price on Ross Stores from $147.00 to $163.00 and gave the company a “neutral” rating in a report on Wednesday. Cowen reissued a “buy” rating on shares of Ross Stores in a research note on Friday, August 22nd. Morgan Stanley boosted their target price on Ross Stores from $128.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, August 22nd. Barclays increased their price target on Ross Stores from $156.00 to $164.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Tuesday, October 14th. Fourteen equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.73.

Insider Activity at Ross Stores

In other news, CMO Karen Fleming sold 2,932 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $149.09, for a total transaction of $437,131.88. Following the transaction, the chief marketing officer owned 88,335 shares in the company, valued at approximately $13,169,865.15. The trade was a 3.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Karen Sykes sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $151.76, for a total transaction of $607,040.00. Following the transaction, the chief marketing officer directly owned 106,413 shares of the company’s stock, valued at $16,149,236.88. This represents a 3.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 52,720 shares of company stock valued at $7,761,212. Company insiders own 2.20% of the company’s stock.

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.