Berkeley Inc Has $3.40 Million Holdings in Ross Stores, Inc. $ROST

Berkeley Inc cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,877 shares of the apparel retailer’s stock after selling 4,008 shares during the period. Berkeley Inc’s holdings in Ross Stores were worth $3,401,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ROST. American National Bank & Trust bought a new stake in shares of Ross Stores in the third quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Ross Stores by 7,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 142 shares of the apparel retailer’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new stake in shares of Ross Stores in the third quarter worth $29,000. City Holding Co. grew its stake in shares of Ross Stores by 1,080.0% in the fourth quarter. City Holding Co. now owns 177 shares of the apparel retailer’s stock worth $32,000 after purchasing an additional 162 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Ross Stores by 162.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 148 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROST. Guggenheim boosted their price objective on shares of Ross Stores from $199.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Zacks Research cut shares of Ross Stores from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 2nd. UBS Group set a $208.00 price objective on shares of Ross Stores in a research note on Thursday, March 5th. Barclays boosted their price objective on shares of Ross Stores from $205.00 to $221.00 and gave the stock an “overweight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Wednesday, April 8th. Sixteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $208.29.

Ross Stores Stock Performance

Shares of ROST opened at $221.97 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.04 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $71.51 billion, a P/E ratio of 33.58, a price-to-earnings-growth ratio of 3.05 and a beta of 0.92. The firm’s fifty day simple moving average is $209.33 and its two-hundred day simple moving average is $185.55. Ross Stores, Inc. has a 12 month low of $124.49 and a 12 month high of $226.63.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Tuesday, March 3rd. The apparel retailer reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.10. The business had revenue of $6.64 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Ross Stores had a net margin of 9.43% and a return on equity of 36.70%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 earnings per share. As a group, analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Increases Dividend

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

Insider Buying and Selling at Ross Stores

In other Ross Stores news, Director Patricia H. Mueller sold 1,881 shares of the company’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $213.13, for a total transaction of $400,897.53. Following the sale, the director owned 2,159 shares of the company’s stock, valued at approximately $460,147.67. This represents a 46.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Karen Sykes sold 5,506 shares of the company’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $213.40, for a total transaction of $1,174,980.40. Following the sale, the chief marketing officer directly owned 104,648 shares in the company, valued at $22,331,883.20. This trade represents a 5.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 25,756 shares of company stock valued at $5,521,004. 2.20% of the stock is currently owned by insiders.

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.