Main Street Financial Solutions LLC Has $1.52 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Main Street Financial Solutions LLC increased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,119 shares of the apparel retailer’s stock after acquiring an additional 178 shares during the period. Main Street Financial Solutions LLC’s holdings in Ross Stores were worth $1,523,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quotient Wealth Partners LLC increased its stake 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 valued at $319,000 after buying an additional 85 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Ross Stores by 5.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,735 shares of the apparel retailer’s stock valued at $261,000 after acquiring an additional 85 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Ross Stores by 2.4% during the 2nd quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock valued at $534,000 after buying an additional 86 shares in the last quarter. Kintegral Advisory LLC increased its position in shares of Ross Stores by 3.0% during the 2nd quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock valued at $428,000 after purchasing an additional 87 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Ross Stores by 1.5% during the second quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $140.46 on Thursday. The firm’s 50 day simple moving average is $146.82 and its two-hundred day simple moving average is $144.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. The company has a market capitalization of $46.60 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.31 and a beta of 1.09. Ross Stores, Inc. has a 1-year low of $119.73 and a 1-year high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.09. The company had revenue of $5.29 billion during 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 quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.32 EPS. Research analysts expect that Ross Stores, Inc. will post 6.12 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a $0.3675 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a yield of 1.05%. Ross Stores’s payout ratio is 23.71%.

Wall Street Analyst Weigh In

ROST has been the subject of a number of recent analyst reports. TD Cowen upped their price target on shares of Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 23rd. 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 report on Friday, August 23rd. UBS Group upped their target price on shares of Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Loop Capital raised their price target on shares of Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their price target for the company from $179.00 to $152.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $170.63.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 $16,038,546.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock worth $11,093,051 in the last three months. 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.