STF Management LP Has $348,000 Position in Ross Stores, Inc. $ROST

STF Management LP cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 60.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,934 shares of the apparel retailer’s stock after selling 3,014 shares during the quarter. STF Management LP’s holdings in Ross Stores were worth $348,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ROST. Somerset Trust Co grew its position in shares of Ross Stores by 0.4% in the fourth quarter. Somerset Trust Co now owns 14,788 shares of the apparel retailer’s stock valued at $2,664,000 after purchasing an additional 55 shares in the last quarter. Independent Advisor Alliance grew its position in shares of Ross Stores by 1.7% in the fourth quarter. Independent Advisor Alliance now owns 3,309 shares of the apparel retailer’s stock valued at $596,000 after purchasing an additional 55 shares in the last quarter. Florida Trust Wealth Management Co grew its position in shares of Ross Stores by 1.7% in the fourth quarter. Florida Trust Wealth Management Co now owns 3,399 shares of the apparel retailer’s stock valued at $612,000 after purchasing an additional 56 shares in the last quarter. JFS Wealth Advisors LLC grew its position in shares of Ross Stores by 42.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 211 shares of the apparel retailer’s stock valued at $38,000 after purchasing an additional 63 shares in the last quarter. Finally, Composition Wealth LLC grew its position in shares of Ross Stores by 0.6% in the fourth quarter. Composition Wealth LLC now owns 9,832 shares of the apparel retailer’s stock valued at $1,771,000 after purchasing an additional 63 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Patricia H. Mueller sold 1,881 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total value of $400,897.53. Following the completion of the transaction, the director directly owned 2,159 shares in the company, valued at approximately $460,147.67. This represents a 46.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 15,813 shares of the company’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $214.91, for a total value of $3,398,371.83. Following the completion of the transaction, the chief operating officer owned 116,028 shares of the company’s stock, valued at $24,935,577.48. The trade was a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 25,756 shares of company stock worth $5,521,004 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Ross Stores Price Performance

Ross Stores stock opened at $212.75 on Friday. Ross Stores, Inc. has a 52 week low of $124.49 and a 52 week high of $231.16. The business has a 50-day simple moving average of $218.48 and a 200 day simple moving average of $194.97. The company has a quick ratio of 1.04, a current ratio of 1.58 and a debt-to-equity ratio of 0.16. The stock has a market cap of $68.54 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.89 and a beta of 0.87.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.90 by $0.10. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The business had revenue of $6.64 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the previous year, the business earned $1.65 earnings per share. The firm’s revenue was up 12.2% on a year-over-year basis. On average, research analysts forecast that Ross Stores, Inc. will post 7.33 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a dividend of $0.445 per share. The ex-dividend date was Friday, March 13th. This is a positive change from Ross Stores’s previous quarterly dividend of $0.41. This represents a $1.78 annualized dividend and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is presently 26.93%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ROST shares. The Goldman Sachs Group lifted their price target on Ross Stores from $214.00 to $244.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Telsey Advisory Group reiterated an “outperform” rating and issued a $240.00 target price on shares of Ross Stores in a research note on Thursday, March 26th. Barclays raised their price target on shares of Ross Stores from $205.00 to $221.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Ross Stores in a research report on Wednesday, April 8th. Finally, Guggenheim reiterated a “buy” rating and issued a $290.00 price objective on shares of Ross Stores in a research report on Monday, April 27th. Sixteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $213.29.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.