Ross Stores, Inc. $ROST Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,926 shares of the apparel retailer’s stock after selling 2,288 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Ross Stores were worth $29,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Net Worth Advisory Group lifted its position in shares of Ross Stores by 4.2% during the third quarter. Net Worth Advisory Group now owns 1,047 shares of the apparel retailer’s stock worth $245,000 after purchasing an additional 42 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Ross Stores by 0.9% in the second quarter. Greenleaf Trust now owns 6,026 shares of the apparel retailer’s stock valued at $1,283,000 after purchasing an additional 51 shares in the last quarter. Cooper Financial Group increased its holdings in shares of Ross Stores by 2.8% in the second quarter. Cooper Financial Group now owns 1,919 shares of the apparel retailer’s stock valued at $409,000 after purchasing an additional 52 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Ross Stores by 3.8% in the second quarter. RFG Advisory LLC now owns 1,430 shares of the apparel retailer’s stock valued at $304,000 after purchasing an additional 52 shares in the last quarter. Finally, Eastern Bank increased its holdings in shares of Ross Stores by 0.5% in the third quarter. Eastern Bank now owns 10,557 shares of the apparel retailer’s stock valued at $2,464,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Buying and Selling

In other Ross Stores news, insider Stephen C. Brinkley sold 6,424 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $229.66, for a total transaction of $1,475,335.84. Following the completion of the sale, the insider owned 51,665 shares in the company, valued at approximately $11,865,383.90. The trade was a 11.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO James Conroy sold 49,205 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $229.48, for a total transaction of $11,291,563.40. Following the sale, the chief executive officer owned 134,349 shares of the company’s stock, valued at $30,830,408.52. The trade was a 26.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by company insiders.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $229.30 on Monday. The firm has a market capitalization of $73.25 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.93 and a beta of 0.83. The company has a current ratio of 1.61, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. Ross Stores, Inc. has a 1 year low of $156.41 and a 1 year high of $257.00. The firm’s 50-day moving average is $231.44 and its 200-day moving average is $230.11.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 20th. The apparel retailer reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.71. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.16 billion. Ross Stores had a net margin of 10.85% and a return on equity of 39.29%. Ross Stores’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.56 earnings per share. Equities analysts expect that Ross Stores, Inc. will post 8.15 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th were paid a $0.4450 dividend. The ex-dividend date of this dividend was Tuesday, September 8th. This represents a $1.78 dividend on an annualized basis and a yield of 0.8%. Ross Stores’s dividend payout ratio (DPR) is presently 21.55%.

Wall Street Analysts Forecast Growth

ROST has been the subject of several research analyst reports. Truist Financial boosted their price objective on shares of Ross Stores from $290.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 21st. JPMorgan Chase & Co. increased their price objective on Ross Stores from $262.00 to $272.00 and gave the company an “overweight” rating in a research report on Friday, August 21st. Telsey Advisory Group lifted their target price on Ross Stores from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Citigroup lifted their target price on Ross Stores from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 21st. Finally, Weiss Ratings upgraded Ross Stores from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $268.83.

Ross Stores Profile

Ross Stores, Inc is an off-price apparel and home fashion retailer headquartered in Dublin, California. The company operates primarily through its Ross Dress for Less stores, which offer branded and designer apparel, accessories, footwear, and home merchandise at discounts to regular department and specialty store prices.

Ross Stores also operates dd’s DISCOUNTS, a chain focused on value-oriented apparel, accessories, footwear, and home products. Both retail formats generally purchase merchandise opportunistically from manufacturers, department stores, and other suppliers, allowing the company to offer changing assortments and discounted prices.

Founded in 1950, Ross Stores serves customers across the United States through its store network and e-commerce presence.