3,106 Shares in Ross Stores, Inc. $ROST Purchased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,106 shares of the apparel retailer’s stock, valued at approximately $725,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtus Advisers LLC acquired a new stake in shares of Ross Stores during the second quarter worth about $38,000. Twin Lakes Capital Management LLC acquired a new position in Ross Stores in the 2nd quarter valued at about $41,000. Bell Investment Advisors Inc purchased a new stake in Ross Stores during the 2nd quarter valued at approximately $43,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Ross Stores in the 2nd quarter valued at approximately $44,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Ross Stores by 402.4% in the 2nd quarter. Elevation Wealth Partners LLC now owns 211 shares of the apparel retailer’s stock valued at $45,000 after purchasing an additional 169 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, insider Stephen C. Brinkley sold 6,424 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 51,665 shares in the company, valued at approximately $11,865,383.90. This trade represents a 11.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO James Conroy sold 49,205 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $229.48, for a total transaction of $11,291,563.40. Following the transaction, the chief executive officer owned 134,349 shares of the company’s stock, valued at $30,830,408.52. This trade represents a 26.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ROST shares. Wells Fargo & Company boosted their target price on Ross Stores from $245.00 to $248.00 and gave the company an “equal weight” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $294.00 price objective on shares of Ross Stores in a research note on Friday, August 21st. Evercore set a $290.00 price objective on shares of Ross Stores in a research report on Friday, August 21st. Morgan Stanley boosted their price target on shares of Ross Stores from $231.00 to $234.00 and gave the stock an “equal weight” rating in a research note on Friday, August 21st. Finally, Barclays raised their price objective on shares of Ross Stores from $260.00 to $298.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $272.06.

Ross Stores Stock Up 6.1%

ROST stock opened at $245.74 on Thursday. The company’s 50-day moving average price is $230.89 and its 200 day moving average price is $222.71. Ross Stores, Inc. has a 52 week low of $157.73 and a 52 week high of $257.00. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $78.50 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.07 and a beta of 0.85.

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

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th were given a dividend of $0.4450 per share. This represents a $1.78 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, September 8th. Ross Stores’s 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.