Ross Stores, Inc. (NASDAQ:ROST) Shares Acquired by Del Sette Capital Management LLC

Del Sette Capital Management LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,031 shares of the apparel retailer’s stock after acquiring an additional 444 shares during the quarter. Ross Stores makes up approximately 1.2% of Del Sette Capital Management LLC’s holdings, making the stock its 24th biggest holding. Del Sette Capital Management LLC’s holdings in Ross Stores were worth $1,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC lifted its holdings in shares of Ross Stores by 68.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock worth $347,585,000 after acquiring an additional 975,190 shares during the period. AQR Capital Management LLC increased its position in Ross Stores by 59.4% during the second quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock worth $183,263,000 after purchasing an additional 469,717 shares during the last quarter. Principal Financial Group Inc. raised its stake in Ross Stores by 27.8% during the second quarter. Principal Financial Group Inc. now owns 1,814,440 shares of the apparel retailer’s stock worth $263,675,000 after purchasing an additional 394,774 shares during the period. 1832 Asset Management L.P. boosted its holdings in shares of Ross Stores by 24.2% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock valued at $291,734,000 after purchasing an additional 390,518 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Ross Stores by 11.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer’s stock valued at $481,062,000 after buying an additional 347,006 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

Shares of ROST stock opened at $143.40 on Friday. The company’s fifty day moving average price is $147.21 and its two-hundred day moving average price is $143.80. 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 firm has a market capitalization of $47.57 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.25 and a beta of 1.09. Ross Stores, Inc. has a 12 month low of $119.73 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the firm posted $1.32 earnings per share. The company’s revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

ROST has been the topic of several research reports. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Robert W. Baird raised their price objective on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Bank of America lifted their price objective on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their target price on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $171.88.

Insider Buying and Selling

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the firm’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 transaction, the chief executive officer now directly owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other 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 value of $7,524,868.05. Following the sale, the chief executive officer now 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 can be accessed through this hyperlink. Also, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the transaction, the chief operating officer now owns 103,049 shares of the company’s stock, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,138 shares of company stock worth $11,093,051. 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.