Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 35.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 247,075 shares of the apparel retailer’s stock after selling 133,772 shares during the quarter. Sei Investments Co. owned about 0.07% of Ross Stores worth $37,376,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its position in Ross Stores by 8.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,965,695 shares of the apparel retailer’s stock valued at $295,857,000 after acquiring an additional 151,255 shares during the period. Intech Investment Management LLC boosted its stake in shares of Ross Stores by 63.1% during the 3rd quarter. Intech Investment Management LLC now owns 15,120 shares of the apparel retailer’s stock worth $2,276,000 after acquiring an additional 5,848 shares in the last quarter. Nwam LLC boosted its position in shares of Ross Stores by 16.1% in the 3rd quarter. Nwam LLC now owns 1,651 shares of the apparel retailer’s stock valued at $248,000 after purchasing an additional 229 shares during the period. Cerity Partners LLC increased its stake in Ross Stores by 65.2% in the 3rd quarter. Cerity Partners LLC now owns 83,214 shares of the apparel retailer’s stock worth $12,525,000 after purchasing an additional 32,846 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in Ross Stores by 11.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,894 shares of the apparel retailer’s stock worth $436,000 after buying an additional 302 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ROST shares. StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Barclays set a $150.00 price objective on shares of Ross Stores in a research report on Wednesday, March 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Wells Fargo & Company reiterated a “negative” rating on shares of Ross Stores in a report on Wednesday, March 5th. Finally, Evercore ISI dropped their price target on Ross Stores from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.40.

Insider Buying and Selling

In other news, CMO Karen Fleming sold 5,339 shares of Ross Stores stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.73, for a total value of $671,272.47. Following the transaction, the chief marketing officer now owns 94,063 shares of the company’s stock, valued at $11,826,540.99. This trade represents a 5.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

ROST stock opened at $129.18 on Tuesday. The company has a market capitalization of $42.62 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.13 and a beta of 1.15. The firm has a 50 day moving average of $139.52 and a two-hundred day moving average of $145.42. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 12 month low of $122.36 and a 12 month high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.95 billion. As a group, equities analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.405 dividend. This is a positive change from Ross Stores’s previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 18th. Ross Stores’s payout ratio is 25.63%.

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.