Chicago Partners Investment Group LLC Has $290,000 Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Chicago Partners Investment Group LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,995 shares of the apparel retailer’s stock after purchasing an additional 363 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Ross Stores were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of ROST. University of Texas Texas AM Investment Management Co. acquired a new stake in Ross Stores in the 2nd quarter valued at $27,000. SJS Investment Consulting Inc. boosted its stake in shares of Ross Stores by 262.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in shares of Ross Stores in the 2nd quarter worth about $32,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ross Stores during the 3rd quarter worth about $33,000. Finally, Crewe Advisors LLC lifted its holdings in Ross Stores by 97.8% during the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock valued at $40,000 after purchasing an additional 136 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ROST shares. StockNews.com raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. Telsey Advisory Group restated a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research report on Tuesday, October 29th. TD Cowen lifted their price objective on Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Robert W. Baird increased their target price on Ross Stores from $162.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Finally, Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average price target of $171.88.

Insider Activity at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the sale, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Barbara Rentler sold 48,885 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the transaction, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This trade 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 worth $11,093,051. 2.10% of the stock is currently owned by company insiders.

Ross Stores Stock Performance

Shares of Ross Stores stock opened at $142.32 on Wednesday. The firm has a fifty day moving average of $147.77 and a two-hundred day moving average of $143.79. 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 stock has a market capitalization of $47.22 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 2.27 and a beta of 1.09. Ross Stores, Inc. has a 52 week low of $119.73 and a 52 week high of $163.60.

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

Ross Stores Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 1.03%. The ex-dividend date was Tuesday, September 10th. Ross Stores’s payout ratio is 23.71%.

Ross Stores Company 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.