CreativeOne Wealth LLC Has $437,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

CreativeOne Wealth LLC boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 32.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,904 shares of the apparel retailer’s stock after purchasing an additional 704 shares during the quarter. CreativeOne Wealth LLC’s holdings in Ross Stores were worth $437,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. PGGM Investments grew its stake in shares of Ross Stores by 724.1% in the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock valued at $3,611,000 after buying an additional 21,833 shares during the period. Diversified Trust Co grew its stake in Ross Stores by 47.5% in the second quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock valued at $1,907,000 after acquiring an additional 4,228 shares during the period. Algert Global LLC grew its stake in Ross Stores by 917.2% in the third quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock valued at $4,440,000 after acquiring an additional 26,598 shares during the period. Legal & General Group Plc increased its holdings in shares of Ross Stores by 10.3% during the second quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock valued at $397,747,000 after acquiring an additional 254,720 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of Ross Stores by 7.8% during the third quarter. Stephens Investment Management Group LLC now owns 144,310 shares of the apparel retailer’s stock worth $21,720,000 after purchasing an additional 10,384 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on ROST shares. Gordon Haskett upgraded shares of Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. Morgan Stanley boosted their target price on shares of Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Wells Fargo & Company dropped their price target on shares of Ross Stores from $175.00 to $165.00 and set an “overweight” rating on the stock in a research report on Thursday, November 14th. Robert W. Baird boosted 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. Finally, JPMorgan Chase & Co. raised their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and an average price target of $171.69.

Ross Stores Trading Down 0.0 %

Shares of ROST stock opened at $154.87 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The firm has a market cap of $51.38 billion, a P/E ratio of 24.39, a PEG ratio of 2.56 and a beta of 1.09. The company has a 50 day moving average of $145.32 and a 200-day moving average of $145.44. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60.

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

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is presently 23.15%.

Insider Buying and Selling

In other news, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares in the company, valued at $1,694,665.26. The trade was a 57.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the 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 owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

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.