CreativeOne Wealth LLC Grows Holdings in Ross Stores, Inc. (NASDAQ:ROST)

CreativeOne Wealth LLC lifted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 32.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,904 shares of the apparel retailer’s stock after acquiring an additional 704 shares during the period. CreativeOne Wealth LLC’s holdings in Ross Stores were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROST. Cetera Investment Advisers raised its holdings in shares of Ross Stores by 271.0% during the 1st quarter. Cetera Investment Advisers now owns 42,194 shares of the apparel retailer’s stock valued at $6,192,000 after buying an additional 30,822 shares in the last quarter. Cetera Advisors LLC raised its stake in shares of Ross Stores by 40.8% during the first quarter. Cetera Advisors LLC now owns 7,074 shares of the apparel retailer’s stock worth $1,038,000 after acquiring an additional 2,050 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of Ross Stores in the 2nd quarter worth approximately $278,000. GAMMA Investing LLC boosted its stake in shares of Ross Stores by 35.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,721 shares of the apparel retailer’s stock valued at $395,000 after purchasing an additional 716 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of Ross Stores by 26.4% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 1,192 shares of the apparel retailer’s stock valued at $173,000 after purchasing an additional 249 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Ross Stores

In related news, Chairman Michael Balmuth sold 14,887 shares of the company’s 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 directly owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. This represents a 57.21 % decrease in their position. The transaction was disclosed in a legal filing 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 on 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 sale, the chief operating officer now directly owns 103,049 shares of the company’s stock, valued at approximately $16,038,546.36. The trade was a 7.51 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on ROST shares. Barclays upped their price target on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. TD Cowen dropped their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research report on Tuesday, November 19th. UBS Group boosted their price objective on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $171.69.

Ross Stores Trading Down 0.0 %

NASDAQ ROST opened at $154.87 on Monday. The firm has a market capitalization of $51.38 billion, a PE ratio of 24.39, a P/E/G ratio of 2.56 and a beta of 1.09. The stock’s 50 day moving average is $145.32 and its 200 day moving average is $145.44. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the business earned $1.33 EPS. Ross Stores’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.3675 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.95%. Ross Stores’s payout ratio is currently 23.15%.

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 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.