Landsberg Bennett & Dubbaneh LLC Takes Position in Ross Stores, Inc. (NASDAQ:ROST)

Landsberg Bennett & Dubbaneh LLC purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,444 shares of the apparel retailer’s stock, valued at approximately $294,000.

Several other large investors have also recently added to or reduced their stakes in ROST. Clearview Wealth Advisors LLC bought a new stake in shares of Ross Stores in the 4th quarter valued at about $25,000. Bainco International Investors bought a new stake in shares of Ross Stores in the 4th quarter valued at about $27,000. Childress Capital Advisors LLC bought a new stake in shares of Ross Stores in the 4th quarter valued at about $29,000. Catalyst Capital Advisors LLC bought a new stake in shares of Ross Stores in the 4th quarter valued at about $31,000. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of Ross Stores in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 83.15% of the company’s stock.

In other Ross Stores news, CMO Brian R. Morrow sold 5,351 shares of Ross Stores stock in a transaction on Friday, March 12th. The shares were sold at an average price of $122.00, for a total transaction of $652,822.00. Following the sale, the chief marketing officer now owns 106,437 shares of the company’s stock, valued at approximately $12,985,314. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Barbara Rentler sold 69,407 shares of Ross Stores stock in a transaction on Friday, March 5th. The stock was sold at an average price of $111.70, for a total transaction of $7,752,761.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 220,072 shares of company stock worth $26,291,265. 2.00% of the stock is currently owned by corporate insiders.

Shares of NASDAQ ROST opened at $127.84 on Friday. The firm has a market cap of $45.59 billion, a PE ratio of 152.19, a PEG ratio of 8.16 and a beta of 0.95. The firm has a fifty day moving average of $122.41 and a 200 day moving average of $113.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.24 and a current ratio of 1.65. Ross Stores, Inc. has a one year low of $79.65 and a one year high of $130.08.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Monday, March 1st. The apparel retailer reported $0.67 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.33). The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Ross Stores had a return on equity of 22.57% and a net margin of 2.39%. Ross Stores’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. On average, equities analysts predict that Ross Stores, Inc. will post 1.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Tuesday, March 16th were paid a dividend of $0.285 per share. The ex-dividend date of this dividend was Monday, March 15th. This represents a $1.14 annualized dividend and a yield of 0.89%. Ross Stores’s dividend payout ratio (DPR) is presently 24.89%.

A number of research firms have issued reports on ROST. Morgan Stanley raised their price target on shares of Ross Stores from $121.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 20th. Loop Capital raised their price target on shares of Ross Stores from $130.00 to $145.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Monday, January 4th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Ross Stores from $123.00 to $129.00 and gave the stock a “buy” rating in a research report on Thursday, January 21st. Finally, UBS Group reduced their price target on shares of Ross Stores from $125.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, March 11th. Three analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Ross Stores has a consensus rating of “Buy” and an average target price of $117.80.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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