Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 13.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,247 shares of the apparel retailer’s stock after selling 1,261 shares during the period. Ross Stores accounts for about 0.8% of First National Bank of Hutchinson’s investment portfolio, making the stock its 26th biggest holding. First National Bank of Hutchinson’s holdings in Ross Stores were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Riverview Trust Co bought a new position in shares of Ross Stores during the first quarter worth about $26,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ross Stores in the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. raised its holdings in shares of Ross Stores by 262.1% during the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after buying an additional 152 shares during the last quarter. Industrial Alliance Investment Management Inc. acquired a new position in shares of Ross Stores during the second quarter worth approximately $32,000. Finally, Armstrong Advisory Group Inc. bought a new position in Ross Stores in the 3rd quarter worth approximately $33,000. 86.86% of the stock is owned by institutional investors.

Insider Activity at Ross Stores

In related news, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the sale, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the transaction, the chief executive officer now directly owns 311,853 shares of the company’s stock, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value 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 approximately $1,694,665.26. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is currently owned by corporate insiders.

Ross Stores Stock Performance

Shares of ROST opened at $145.24 on Thursday. The company has a market capitalization of $48.45 billion, a PE ratio of 24.49, a PEG ratio of 2.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. The company’s 50 day moving average price is $149.50 and its 200 day moving average price is $143.39. Ross Stores, Inc. has a 52 week low of $112.39 and a 52 week high of $163.60.

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

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores’s payout ratio is presently 24.79%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROST. Loop Capital boosted their price target on Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. UBS Group increased their target price on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Morgan Stanley lifted their price target on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Finally, Bank of America upped their price objective on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $169.71.

Ross Stores Company Profile

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.