Bogart Wealth LLC Has $4.11 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Bogart Wealth LLC lifted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 18,243.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,331 shares of the apparel retailer’s stock after buying an additional 27,182 shares during the period. Bogart Wealth LLC’s holdings in Ross Stores were worth $4,114,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in shares of Ross Stores in the 1st quarter worth approximately $26,000. University of Texas Texas AM Investment Management Co. bought a new position in Ross Stores in the second quarter worth $27,000. SJS Investment Consulting Inc. boosted its stake 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. Industrial Alliance Investment Management Inc. acquired a new stake in Ross Stores during the second quarter worth $32,000. Finally, Armstrong Advisory Group Inc. bought a new stake in Ross Stores in the 3rd quarter valued at $33,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROST has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Barclays upped their price objective on Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Telsey Advisory Group boosted their price target on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research note on Friday, August 23rd. Finally, Loop Capital increased their price objective on Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.71.

Ross Stores Trading Down 0.8 %

NASDAQ:ROST traded down $1.23 during mid-day trading on Thursday, hitting $144.01. The company had a trading volume of 393,249 shares, compared to its average volume of 2,220,294. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. Ross Stores, Inc. has a fifty-two week low of $112.39 and a fifty-two week high of $163.60. The firm has a market cap of $47.78 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.37 and a beta of 1.09. The business’s fifty day moving average is $149.50 and its two-hundred day moving average is $143.39.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.09. The business had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. Ross Stores’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. As a group, research analysts expect that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s dividend payout ratio is currently 23.71%.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the transaction, the chief operating officer now directly owns 103,049 shares of the company’s stock, valued at approximately $16,038,546.36. The trade was 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 accessible through the SEC website. In other news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the completion of the sale, the chairman now owns 11,133 shares of the company’s stock, valued at $1,694,665.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now owns 103,049 shares in the company, valued at approximately $16,038,546.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is owned by company 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 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.