3,930 Shares in Ross Stores, Inc. $ROST Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,930 shares of the apparel retailer’s stock, valued at approximately $707,000.

A number of other large investors have also bought and sold shares of ROST. Woodline Partners LP grew its position in Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Ross Stores by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after acquiring an additional 117 shares during the last quarter. NewEdge Advisors LLC grew its position in Ross Stores by 35.8% during the 2nd quarter. NewEdge Advisors LLC now owns 10,581 shares of the apparel retailer’s stock worth $1,350,000 after acquiring an additional 2,792 shares during the last quarter. Treasurer of the State of North Carolina grew its position in Ross Stores by 1.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 150,491 shares of the apparel retailer’s stock worth $19,200,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Main Street Financial Solutions LLC grew its position in Ross Stores by 2.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,580 shares of the apparel retailer’s stock worth $1,605,000 after acquiring an additional 265 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Up 0.7%

Shares of ROST opened at $213.27 on Friday. The firm has a market capitalization of $68.70 billion, a price-to-earnings ratio of 32.26, a PEG ratio of 2.88 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.58. The business’s fifty day moving average price is $218.50 and its two-hundred day moving average price is $194.85. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $231.16.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.10. The firm had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.42 billion. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company earned $1.65 EPS. On average, analysts predict that Ross Stores, Inc. will post 7.32 earnings per share for the current year.

Ross Stores Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a $0.445 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, March 13th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.41. Ross Stores’s dividend payout ratio is 26.93%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group increased their price target on Ross Stores from $214.00 to $244.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Wells Fargo & Company increased their price target on Ross Stores from $205.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 4th. Citigroup increased their price target on Ross Stores from $240.00 to $261.00 and gave the stock a “buy” rating in a research report on Tuesday. UBS Group set a $208.00 price target on Ross Stores in a research report on Thursday, March 5th. Finally, Barclays increased their price target on Ross Stores from $205.00 to $221.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Sixteen 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 company has a consensus rating of “Moderate Buy” and a consensus target price of $213.29.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, Director Patricia H. Mueller sold 1,881 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total value of $400,897.53. Following the transaction, the director directly owned 2,159 shares in the company, valued at approximately $460,147.67. This trade represents a 46.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total value of $1,174,980.40. Following the completion of the transaction, the chief marketing officer owned 104,648 shares in the company, valued at $22,331,883.20. The trade was a 5.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 25,756 shares of company stock worth $5,521,004. Insiders own 2.10% of the company’s stock.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off?price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand?name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.