Kestra Private Wealth Services LLC Sells 902 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Kestra Private Wealth Services LLC lowered its holdings in shares of Ross Stores, Inc. (NASDAQ:ROSTGet Rating) by 11.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,868 shares of the apparel retailer’s stock after selling 902 shares during the period. Kestra Private Wealth Services LLC’s holdings in Ross Stores were worth $621,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ROST. Advisor Group Holdings Inc. increased its position in Ross Stores by 10.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 53,151 shares of the apparel retailer’s stock valued at $4,608,000 after buying an additional 4,871 shares in the last quarter. Distillate Capital Partners LLC increased its position in Ross Stores by 29.6% during the 1st quarter. Distillate Capital Partners LLC now owns 52,122 shares of the apparel retailer’s stock valued at $4,714,000 after buying an additional 11,897 shares in the last quarter. OLD National Bancorp IN bought a new position in Ross Stores during the 1st quarter valued at approximately $280,000. Checchi Capital Advisers LLC boosted its stake in Ross Stores by 8.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,821 shares of the apparel retailer’s stock worth $346,000 after purchasing an additional 282 shares in the last quarter. Finally, Quent Capital LLC boosted its stake in Ross Stores by 106.0% in the 1st quarter. Quent Capital LLC now owns 1,366 shares of the apparel retailer’s stock worth $124,000 after purchasing an additional 703 shares in the last quarter. Institutional investors own 87.65% of the company’s stock.

Ross Stores Stock Performance

NASDAQ:ROST opened at $90.25 on Monday. The stock has a 50-day simple moving average of $85.76 and a two-hundred day simple moving average of $87.44. Ross Stores, Inc. has a 52-week low of $69.24 and a 52-week high of $123.36. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 1.92. The firm has a market capitalization of $31.32 billion, a PE ratio of 21.44, a P/E/G ratio of 2.26 and a beta of 1.00.

Ross Stores (NASDAQ:ROSTGet Rating) last released its quarterly earnings results on Thursday, August 18th. The apparel retailer reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.08. Ross Stores had a return on equity of 36.36% and a net margin of 7.97%. The business had revenue of $4.58 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Ross Stores’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts forecast that Ross Stores, Inc. will post 3.99 EPS for the current year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Tuesday, September 6th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, September 2nd. Ross Stores’s dividend payout ratio (DPR) is 29.45%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ROST. Credit Suisse Group upped their price target on shares of Ross Stores from $92.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, August 19th. Wells Fargo & Company raised their price target on shares of Ross Stores from $80.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, August 19th. Barclays raised their price target on shares of Ross Stores from $85.00 to $98.00 and gave the company an “overweight” rating in a research report on Monday, August 22nd. Robert W. Baird upped their price target on Ross Stores from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Friday, August 19th. Finally, William Blair reaffirmed an “outperform” rating on shares of Ross Stores in a report on Friday, August 19th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $102.22.

About Ross Stores

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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. 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 primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.

Further Reading

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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