Ross Stores (ROST) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors reduced its stake in Ross Stores (NASDAQ:ROST) by 6.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,590 shares of the apparel retailer’s stock after selling 853 shares during the quarter. Optimum Investment Advisors’ holdings in Ross Stores were worth $904,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Novare Capital Management LLC raised its holdings in Ross Stores by 4.4% in the 4th quarter. Novare Capital Management LLC now owns 15,302 shares of the apparel retailer’s stock valued at $1,228,000 after acquiring an additional 640 shares during the period. Bbva Compass Bancshares Inc. raised its holdings in Ross Stores by 15.8% in the 4th quarter. Bbva Compass Bancshares Inc. now owns 5,355 shares of the apparel retailer’s stock valued at $430,000 after acquiring an additional 730 shares during the period. Washington Capital Management Inc. increased its holdings in shares of Ross Stores by 17.7% during the first quarter. Washington Capital Management Inc. now owns 5,650 shares of the apparel retailer’s stock worth $441,000 after purchasing an additional 850 shares during the period. Comerica Securities Inc. increased its holdings in shares of Ross Stores by 14.8% during the first quarter. Comerica Securities Inc. now owns 6,618 shares of the apparel retailer’s stock worth $518,000 after purchasing an additional 854 shares during the period. Finally, BB&T Investment Services Inc. increased its holdings in shares of Ross Stores by 7.1% during the fourth quarter. BB&T Investment Services Inc. now owns 13,861 shares of the apparel retailer’s stock worth $1,128,000 after purchasing an additional 920 shares during the period. 87.95% of the stock is currently owned by hedge funds and other institutional investors.

In other Ross Stores news, insider Lisa R. Panattoni sold 12,471 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $79.48, for a total value of $991,195.08. Following the sale, the insider now owns 93,711 shares in the company, valued at $7,448,150.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Barbara Rentler sold 32,430 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $79.53, for a total transaction of $2,579,157.90. Following the completion of the sale, the chief executive officer now owns 534,318 shares in the company, valued at approximately $42,494,310.54. The disclosure for this sale can be found here. Insiders sold 256,652 shares of company stock worth $19,829,016 over the last three months. 2.40% of the stock is currently owned by insiders.

Shares of Ross Stores opened at $81.93 on Tuesday, Marketbeat reports. The company has a market capitalization of $31.23 billion, a P/E ratio of 24.53, a PEG ratio of 2.05 and a beta of 1.06. The company has a current ratio of 1.64, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10. Ross Stores has a 1 year low of $52.85 and a 1 year high of $85.66.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Tuesday, March 6th. The apparel retailer reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.05. The business had revenue of $4.07 billion for the quarter, compared to analysts’ expectations of $3.95 billion. Ross Stores had a net margin of 9.64% and a return on equity of 44.53%. equities analysts predict that Ross Stores will post 4.03 EPS for the current fiscal year.

Ross Stores announced that its Board of Directors has authorized a share repurchase plan on Tuesday, March 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the apparel retailer to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several brokerages have recently commented on ROST. BidaskClub raised shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Deutsche Bank began coverage on shares of Ross Stores in a report on Monday, April 30th. They set a “buy” rating and a $94.00 target price on the stock. Royal Bank of Canada set a $82.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Tuesday, March 6th. Jefferies Group reaffirmed a “hold” rating and set a $73.00 target price on shares of Ross Stores in a report on Wednesday, March 7th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $78.00 target price on shares of Ross Stores in a report on Wednesday, March 7th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and an average price target of $81.95.

Ross Stores 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 in the United States. It 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.

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

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