Ross Stores, Inc. $ROST Shares Sold by Interval Partners LP

Interval Partners LP lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 15.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 738,740 shares of the apparel retailer’s stock after selling 138,222 shares during the period. Ross Stores accounts for 1.8% of Interval Partners LP’s portfolio, making the stock its 7th biggest holding. Interval Partners LP owned about 0.23% of Ross Stores worth $112,577,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Woodline Partners LP boosted its holdings in shares of Ross Stores by 39.9% in the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock worth $79,000 after purchasing an additional 117 shares in the last quarter. Allworth Financial LP raised its holdings in Ross Stores by 4.3% during the second quarter. Allworth Financial LP now owns 4,211 shares of the apparel retailer’s stock worth $537,000 after purchasing an additional 175 shares in the last quarter. KBC Group NV lifted its position in Ross Stores by 15.0% in the second quarter. KBC Group NV now owns 67,091 shares of the apparel retailer’s stock worth $8,559,000 after purchasing an additional 8,752 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Ross Stores by 11.3% in the second quarter. PNC Financial Services Group Inc. now owns 348,270 shares of the apparel retailer’s stock worth $44,432,000 after purchasing an additional 35,231 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Price Performance

NASDAQ ROST opened at $206.28 on Friday. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $216.80. The business’s fifty day moving average is $196.31 and its two-hundred day moving average is $174.22. The stock has a market capitalization of $66.72 billion, a P/E ratio of 31.21, a P/E/G ratio of 2.86 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.04 and a current ratio of 1.58.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.10. The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $6.42 billion. Ross Stores had a return on equity of 36.70% and a net margin of 9.43%.The company’s revenue was up 12.2% compared to the same quarter last year. During the same period last year, the company posted $1.65 EPS. On average, research analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $0.445 dividend. This is a positive change from Ross Stores’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 13th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 0.9%. Ross Stores’s dividend payout ratio is 24.51%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. UBS Group set a $208.00 price target on Ross Stores in a research report on Thursday, March 5th. Evercore upped their price objective on Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, November 21st. JPMorgan Chase & Co. raised their target price on Ross Stores from $215.00 to $232.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Wall Street Zen raised Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. Sixteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.29.

Insider Transactions at Ross Stores

In related news, CMO Karen Sykes sold 2,556 shares of Ross Stores stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $213.91, for a total value of $546,753.96. Following the transaction, the chief marketing officer owned 103,945 shares of the company’s stock, valued at approximately $22,234,874.95. This trade represents a 2.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Patricia H. Mueller sold 1,881 shares of the business’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 sale, the director owned 2,159 shares in the company, valued at approximately $460,147.67. The trade was a 46.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.20% of the company’s stock.

About Ross Stores

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.