Joel Isaacson & Co. LLC raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,609 shares of the apparel retailer’s stock after purchasing an additional 1,593 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Ross Stores were worth $2,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TrinityPoint Wealth LLC boosted its stake in shares of Ross Stores by 4.0% during the 2nd quarter. TrinityPoint Wealth LLC now owns 2,619 shares of the apparel retailer’s stock worth $277,000 after acquiring an additional 101 shares in the last quarter. ETF Managers Group LLC boosted its stake in shares of Ross Stores by 6.0% during the 2nd quarter. ETF Managers Group LLC now owns 1,955 shares of the apparel retailer’s stock worth $197,000 after acquiring an additional 111 shares in the last quarter. Rowland & Co. Investment Counsel ADV boosted its stake in shares of Ross Stores by 1.3% during the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 8,841 shares of the apparel retailer’s stock worth $972,000 after acquiring an additional 111 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Ross Stores by 2.5% during the 2nd quarter. Wedbush Securities Inc. now owns 4,779 shares of the apparel retailer’s stock worth $474,000 after acquiring an additional 118 shares in the last quarter. Finally, Welch Group LLC boosted its stake in shares of Ross Stores by 4.1% during the 2nd quarter. Welch Group LLC now owns 3,281 shares of the apparel retailer’s stock worth $325,000 after acquiring an additional 130 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

In other Ross Stores news, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $108.66, for a total transaction of $1,629,900.00. Also, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.01, for a total value of $2,750,250.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,000 shares of company stock valued at $7,056,650. 2.30% of the stock is owned by corporate insiders.

Shares of NASDAQ:ROST traded down $0.04 during midday trading on Wednesday, hitting $111.90. 7,059 shares of the stock were exchanged, compared to its average volume of 1,918,204. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.63 and a current ratio of 1.31. Ross Stores, Inc. has a 52-week low of $75.91 and a 52-week high of $113.51. The business’s fifty day simple moving average is $108.19 and its two-hundred day simple moving average is $102.06. The company has a market capitalization of $40.68 billion, a PE ratio of 26.27, a P/E/G ratio of 2.38 and a beta of 0.84.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Ross Stores had a return on equity of 49.21% and a net margin of 10.46%. The business had revenue of $3.98 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the company earned $1.04 earnings per share. Ross Stores’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Ross Stores, Inc. will post 4.5 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.02 annualized dividend and a dividend yield of 0.91%. Ross Stores’s dividend payout ratio is 23.94%.

A number of analysts have recently issued reports on ROST shares. BidaskClub upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Citigroup increased their target price on Ross Stores from $94.00 to $104.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Morgan Stanley increased their target price on Ross Stores from $94.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Telsey Advisory Group increased their target price on Ross Stores from $103.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, October 11th. Finally, Bank of America set a $120.00 target price on Ross Stores and gave the company a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Ross Stores currently has a consensus rating of “Buy” and an average price target of $108.11.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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