TD Private Client Wealth LLC Has $214,000 Position in Ross Stores, Inc. $ROST

TD Private Client Wealth LLC raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 24.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,675 shares of the apparel retailer’s stock after buying an additional 329 shares during the period. TD Private Client Wealth LLC’s holdings in Ross Stores were worth $214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC acquired a new stake in Ross Stores in the 1st quarter valued at $328,000. Aurora Private Wealth Inc. acquired a new stake in shares of Ross Stores in the 1st quarter valued at approximately $1,476,000. MQS Management LLC acquired a new stake in shares of Ross Stores in the 1st quarter valued at approximately $630,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Ross Stores by 50.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 8,149 shares of the apparel retailer’s stock valued at $1,041,000 after buying an additional 2,750 shares during the last quarter. Finally, Canoe Financial LP boosted its holdings in shares of Ross Stores by 7.0% in the 1st quarter. Canoe Financial LP now owns 680,994 shares of the apparel retailer’s stock valued at $87,024,000 after buying an additional 44,437 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Up 1.4%

ROST opened at $151.52 on Monday. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $158.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58. The company has a market capitalization of $49.28 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.91 and a beta of 1.15. The stock has a fifty day moving average of $145.69 and a 200-day moving average of $139.17.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The company had revenue of $5.53 billion during the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, equities analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be given a $0.405 dividend. The ex-dividend date is Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.1%. Ross Stores’s dividend payout ratio (DPR) is presently 25.71%.

Insiders Place Their Bets

In related news, CEO James Grant Conroy sold 39,351 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $146.00, for a total value of $5,745,246.00. Following the transaction, the chief executive officer owned 157,153 shares in the company, valued at approximately $22,944,338. This trade represents a 20.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Karen Sykes sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $151.76, for a total value of $607,040.00. Following the completion of the transaction, the chief marketing officer owned 106,413 shares in the company, valued at $16,149,236.88. The trade was a 3.62% decrease in their position. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ROST shares. UBS Group increased their price objective on Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Jefferies Financial Group raised Ross Stores from a “hold” rating to a “buy” rating and increased their price objective for the company from $135.00 to $150.00 in a report on Wednesday, July 2nd. Robert W. Baird increased their price objective on Ross Stores from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $160.00 price objective (up previously from $150.00) on shares of Ross Stores in a report on Monday, August 18th. Finally, JPMorgan Chase & Co. increased their price objective on Ross Stores from $156.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.67.

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.