TD Waterhouse Canada Inc. Has $221,000 Stock Holdings in Ross Stores, Inc. $ROST

TD Waterhouse Canada Inc. lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 82.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,226 shares of the apparel retailer’s stock after selling 5,590 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Ross Stores were worth $221,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Somerset Trust Co boosted 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 worth $2,664,000 after buying an additional 55 shares during the period. Florida Trust Wealth Management Co boosted 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 worth $612,000 after buying an additional 56 shares during the period. JFS Wealth Advisors LLC boosted 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 worth $38,000 after buying an additional 63 shares during the period. CVA Family Office LLC boosted its position in shares of Ross Stores by 6.3% in the fourth quarter. CVA Family Office LLC now owns 1,075 shares of the apparel retailer’s stock worth $194,000 after buying an additional 64 shares during the period. Finally, Modera Wealth Management LLC boosted its position in shares of Ross Stores by 1.5% in the fourth quarter. Modera Wealth Management LLC now owns 4,337 shares of the apparel retailer’s stock worth $781,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, Director Patricia H. Mueller sold 1,881 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $213.13, for a total transaction of $400,897.53. Following the transaction, the director directly owned 2,159 shares in the company, valued at $460,147.67. This trade represents a 46.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael J. Hartshorn sold 15,813 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $214.91, for a total value of $3,398,371.83. Following the transaction, the chief operating officer owned 116,028 shares in the company, valued at approximately $24,935,577.48. This trade represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 25,756 shares of company stock worth $5,521,004 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $226.40 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. Ross Stores, Inc. has a 1 year low of $124.49 and a 1 year high of $230.44. The business has a fifty day simple moving average of $213.33 and a 200 day simple moving average of $189.15. The firm has a market cap of $72.93 billion, a price-to-earnings ratio of 34.25, a P/E/G ratio of 3.08 and a beta of 0.92.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 earnings per share for the quarter, beating 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 company had revenue of $6.64 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period last year, the company earned $1.65 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. As a group, sell-side analysts predict that Ross Stores, Inc. will post 7.32 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a yield of 0.8%. This is an increase from Ross Stores’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, March 13th. Ross Stores’s dividend payout ratio is 26.93%.

Wall Street Analyst Weigh In

ROST has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $221.00 price objective on Ross Stores in a report on Thursday, January 8th. Sanford C. Bernstein set a $200.00 price objective on Ross Stores in a report on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on Ross Stores from $215.00 to $232.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. UBS Group set a $208.00 price objective on Ross Stores in a report on Thursday, March 5th. Finally, Barclays increased their price objective on Ross Stores from $205.00 to $221.00 and gave the stock an “overweight” rating in a report on Monday, March 2nd. Sixteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.29.

Ross Stores Company 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.