Security National Bank raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.1% during the first quarter, HoldingsChannel reports. The firm owned 63,858 shares of the apparel retailer’s stock after buying an additional 1,934 shares during the quarter. Ross Stores comprises 2.3% of Security National Bank’s holdings, making the stock its 15th largest position. Security National Bank’s holdings in Ross Stores were worth $7,657,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Clearview Wealth Advisors LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $25,000. Bainco International Investors purchased a new stake in Ross Stores during the fourth quarter valued at approximately $27,000. Childress Capital Advisors LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $29,000. Catalyst Capital Advisors LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $31,000. Finally, Regent Peak Wealth Advisors LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 83.15% of the company’s stock.
NASDAQ:ROST traded up $1.67 during midday trading on Thursday, hitting $125.08. The stock had a trading volume of 18,360 shares, compared to its average volume of 2,145,559. Ross Stores, Inc. has a one year low of $79.65 and a one year high of $127.08. The company has a market capitalization of $44.59 billion, a price-to-earnings ratio of 146.92, a PEG ratio of 8.16 and a beta of 0.95. The stock has a 50-day moving average of $119.88 and a 200 day moving average of $110.78. The company has a quick ratio of 1.24, a current ratio of 1.65 and a debt-to-equity ratio of 0.83.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Monday, March 1st. The apparel retailer reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.33). Ross Stores had a return on equity of 22.57% and a net margin of 2.39%. The firm had revenue of $4.25 billion during the quarter, compared to the consensus estimate of $4.27 billion. During the same period last year, the company earned $1.28 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ross Stores, Inc. will post 1.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 16th were paid a $0.285 dividend. The ex-dividend date of this dividend was Monday, March 15th. This represents a $1.14 annualized dividend and a yield of 0.91%. Ross Stores’s dividend payout ratio (DPR) is currently 24.89%.
A number of equities research analysts have issued reports on the company. Morgan Stanley upped their price objective on Ross Stores from $121.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, January 20th. Deutsche Bank Aktiengesellschaft upped their price objective on Ross Stores from $123.00 to $129.00 and gave the company a “buy” rating in a research report on Thursday, January 21st. JPMorgan Chase & Co. upped their target price on Ross Stores from $125.00 to $128.00 and gave the company an “overweight” rating in a research note on Monday, January 4th. Finally, UBS Group cut their target price on Ross Stores from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, March 11th. Three investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $117.05.
In other Ross Stores news, CMO Brian R. Morrow sold 5,351 shares of the stock in a transaction on Friday, March 12th. The stock was sold at an average price of $122.00, for a total transaction of $652,822.00. Following the sale, the chief marketing officer now owns 106,437 shares of the company’s stock, valued at approximately $12,985,314. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barbara Rentler sold 45,623 shares of the stock in a transaction on Monday, March 15th. The shares were sold at an average price of $123.73, for a total value of $5,644,933.79. Following the sale, the chief executive officer now directly owns 311,526 shares in the company, valued at approximately $38,545,111.98. The disclosure for this sale can be found here. In the last three months, insiders sold 212,110 shares of company stock worth $25,291,415. 2.00% of the stock is owned by insiders.
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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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