Aaron Wealth Advisors LLC Has $422,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Aaron Wealth Advisors LLC raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 49.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,801 shares of the apparel retailer’s stock after buying an additional 926 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Ross Stores were worth $422,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in ROST. Claro Advisors LLC raised its holdings in Ross Stores by 118.9% in the 3rd quarter. Claro Advisors LLC now owns 4,051 shares of the apparel retailer’s stock valued at $610,000 after acquiring an additional 2,200 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Ross Stores by 112.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 3,333 shares of the apparel retailer’s stock worth $502,000 after acquiring an additional 1,764 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Ross Stores by 8.2% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,378 shares of the apparel retailer’s stock valued at $5,475,000 after acquiring an additional 2,762 shares in the last quarter. NatWest Group plc increased its stake in Ross Stores by 18.1% in the third quarter. NatWest Group plc now owns 42,434 shares of the apparel retailer’s stock valued at $6,387,000 after acquiring an additional 6,493 shares during the period. Finally, Bleakley Financial Group LLC raised its position in Ross Stores by 1.4% in the third quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer’s stock worth $935,000 after purchasing an additional 87 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the sale, the chairman now directly owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the transaction, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael Balmuth sold 14,887 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares of the company’s stock, valued at $1,694,665.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is currently owned by corporate insiders.

Ross Stores Trading Up 0.5 %

ROST stock opened at $149.90 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. The company has a market capitalization of $49.73 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. Ross Stores, Inc. has a 52 week low of $112.39 and a 52 week high of $163.60. The company’s 50-day simple moving average is $149.21 and its 200 day simple moving average is $143.27.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.09. The business had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 earnings per share. As a group, sell-side analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s dividend payout ratio is presently 23.71%.

Analysts Set New Price Targets

A number of analysts have weighed in on ROST shares. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Morgan Stanley raised their price objective on shares of Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Loop Capital increased their price target on Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Wells Fargo & Company lifted their price target on Ross Stores from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, TD Cowen upped their target price on shares of Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $169.71.

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.