Castleview Partners LLC Grows Position in Ross Stores, Inc. (NASDAQ:ROST)

Castleview Partners LLC grew its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,801 shares of the apparel retailer’s stock after buying an additional 234 shares during the quarter. Castleview Partners LLC’s holdings in Ross Stores were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quotient Wealth Partners LLC lifted 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 acquiring an additional 85 shares in the last quarter. Checchi Capital Advisers LLC raised its stake 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 worth $534,000 after purchasing an additional 86 shares in the last quarter. Kintegral Advisory LLC raised its stake 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 worth $428,000 after purchasing an additional 87 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of Ross Stores by 1.5% during 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 raised its stake in shares of Ross Stores by 1.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer’s stock worth $935,000 after purchasing an additional 87 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

NASDAQ:ROST traded down $3.08 during mid-day trading on Monday, hitting $146.82. 558,087 shares of the company traded hands, compared to its average volume of 2,227,000. The stock’s fifty day moving average price is $149.21 and its 200-day moving average price is $143.28. Ross Stores, Inc. has a one year low of $112.39 and a one year high of $163.60. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The firm has a market cap of $48.98 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate 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 return on equity of 42.43% and a net margin of 9.82%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. Research analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.00%. Ross Stores’s dividend payout ratio is currently 24.79%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays boosted their price target on Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Bank of America boosted their price target on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Robert W. Baird lifted their price objective on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Telsey Advisory Group lifted their price objective on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price objective on Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Three research 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.71.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the company’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 sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. 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 available at this link. In related news, Chairman Michael Balmuth sold 14,887 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,138 shares of company stock worth $11,093,051. Corporate insiders own 2.10% of the company’s stock.

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.