Clarius Group LLC Decreases Position in Ross Stores, Inc. (NASDAQ:ROST)

by · The Markets Daily

Clarius Group LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,523 shares of the apparel retailer’s stock after selling 72 shares during the period. Clarius Group LLC’s holdings in Ross Stores were worth $529,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Riverview Trust Co acquired a new stake in Ross Stores during the 1st quarter worth $26,000. Rise Advisors LLC purchased a new stake in Ross Stores during the first quarter worth about $27,000. University of Texas Texas AM Investment Management Co. purchased a new stake in Ross Stores during the second quarter worth about $27,000. SJS Investment Consulting Inc. boosted its holdings in Ross Stores by 262.1% during the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after buying an additional 152 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in Ross Stores during the second quarter worth about $32,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ROST has been the topic of a number of research analyst reports. Gordon Haskett raised shares of Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Loop Capital upped their price target on shares of Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Barclays upped their price target on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Bank of America boosted their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, UBS Group boosted their price objective on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.71.

Check Out Our Latest Report on Ross Stores

Ross Stores Stock Performance

Shares of ROST stock opened at $143.36 on Friday. Ross Stores, Inc. has a one year low of $111.64 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. The company has a 50 day moving average price of $148.25 and a 200 day moving average price of $143.23. The firm has a market capitalization of $47.82 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09.

Ross Stores (NASDAQ:ROST – Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the business earned $1.32 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Sell-side analysts anticipate that Ross Stores, Inc. will post 6.2 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores’s payout ratio is currently 24.79%.

Insider Transactions at Ross Stores

In other news, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Michael Balmuth sold 14,887 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the transaction, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This trade represents a 0.00 % 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 90 days. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Profile

(Free Report)

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.

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