Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,543 shares of the apparel retailer’s stock after selling 201 shares during the period. Curi RMB Capital LLC’s holdings in Ross Stores were worth $233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Hahn Capital Management LLC lifted its holdings in Ross Stores by 40.9% in the fourth quarter. Hahn Capital Management LLC now owns 74,059 shares of the apparel retailer’s stock valued at $11,203,000 after acquiring an additional 21,500 shares during the period. FMR LLC boosted its holdings in Ross Stores by 11.9% during the fourth quarter. FMR LLC now owns 7,620,083 shares of the apparel retailer’s stock worth $1,152,690,000 after buying an additional 807,850 shares in the last quarter. Sovran Advisors LLC purchased a new stake in Ross Stores during the fourth quarter worth $269,000. Oppenheimer & Co. Inc. grew its position in Ross Stores by 22.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 2,847 shares of the apparel retailer’s stock valued at $431,000 after buying an additional 524 shares during the period. Finally, Oak Ridge Investments LLC increased its holdings in Ross Stores by 10.6% in the fourth quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock valued at $17,524,000 after buying an additional 11,060 shares in the last quarter. 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, CMO Karen Fleming sold 5,339 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $125.73, for a total value of $671,272.47. Following the completion of the transaction, the chief marketing officer now owns 94,063 shares in the company, valued at $11,826,540.99. This represents a 5.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Michael J. Hartshorn sold 7,492 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the sale, the chief operating officer now directly owns 139,091 shares of the company’s stock, valued at approximately $17,760,529.79. This trade represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,398 shares of company stock worth $4,439,950 over the last three months. Insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $135.49 on Tuesday. The business has a 50-day simple moving average of $133.40 and a 200-day simple moving average of $142.74. The company has a market cap of $44.55 billion, a PE ratio of 21.34, a P/E/G ratio of 2.13 and a beta of 1.11. Ross Stores, Inc. has a one year low of $122.36 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.95 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.20%. This is an increase from Ross Stores’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, March 18th. Ross Stores’s dividend payout ratio is 25.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price target on Ross Stores from $140.00 to $130.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. UBS Group dropped their price target on shares of Ross Stores from $168.00 to $163.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company upgraded shares of Ross Stores from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $140.00 to $150.00 in a research report on Tuesday, April 8th. Robert W. Baird dropped their target price on shares of Ross Stores from $175.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.87.

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 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.