AllGen Financial Advisors Inc. Purchases 423 Shares of Ross Stores, Inc. (NASDAQ:ROST)

AllGen Financial Advisors Inc. boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,369 shares of the apparel retailer’s stock after buying an additional 423 shares during the quarter. Ross Stores makes up about 0.7% of AllGen Financial Advisors Inc.’s holdings, making the stock its 28th biggest holding. AllGen Financial Advisors Inc.’s holdings in Ross Stores were worth $2,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quotient Wealth Partners LLC raised its holdings in Ross Stores by 4.0% in the 2nd quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after purchasing an additional 85 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Ross Stores by 2.4% in the 2nd quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after purchasing an additional 86 shares in the last quarter. Kintegral Advisory LLC raised its holdings in Ross Stores by 3.0% in the 2nd quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock worth $428,000 after purchasing an additional 87 shares in the last quarter. Parallel Advisors LLC raised its holdings in Ross Stores by 1.5% in the 2nd quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after purchasing an additional 87 shares in the last quarter. Finally, Bleakley Financial Group LLC grew its position in shares of Ross Stores by 1.4% in the 3rd quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer’s stock worth $935,000 after buying an additional 87 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ROST shares. Telsey Advisory Group lifted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research report on Friday, August 23rd. UBS Group upped their price target on Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. TD Cowen raised their price objective on Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Robert W. Baird boosted their target price on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and an average price target of $169.71.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the sale, the chief operating officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction on Monday, September 16th. The shares were 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,138 shares of company stock valued at $11,093,051. Company insiders own 2.10% of the company’s stock.

Ross Stores Trading Down 0.1 %

NASDAQ:ROST opened at $144.22 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. Ross Stores, Inc. has a 12 month low of $112.39 and a 12 month high of $163.60. The company has a market cap of $47.85 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.37 and a beta of 1.09. The company has a 50 day simple moving average of $149.37 and a two-hundred day simple moving average of $143.45.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the firm posted $1.32 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Research analysts forecast that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Dividend Announcement

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

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.