Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 542,465 shares of the apparel retailer’s stock after selling 2,831 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.16% of Ross Stores worth $81,646,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PGGM Investments grew its position in Ross Stores by 724.1% in the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock worth $3,611,000 after purchasing an additional 21,833 shares during the last quarter. Diversified Trust Co boosted its position in Ross Stores by 47.5% during the 2nd quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock worth $1,907,000 after acquiring an additional 4,228 shares during the period. Janus Henderson Group PLC grew its stake in shares of Ross Stores by 42.1% in the first quarter. Janus Henderson Group PLC now owns 63,105 shares of the apparel retailer’s stock worth $9,260,000 after purchasing an additional 18,685 shares in the last quarter. Algert Global LLC increased its holdings in shares of Ross Stores by 917.2% during the third quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock valued at $4,440,000 after purchasing an additional 26,598 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Ross Stores by 10.3% during the second quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock valued at $397,747,000 after purchasing an additional 254,720 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 0.7 %

ROST stock opened at $154.38 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a market capitalization of $51.22 billion, a P/E ratio of 24.31, a P/E/G ratio of 2.54 and a beta of 1.09. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company’s 50 day simple moving average is $145.22 and its 200-day simple moving average is $144.98.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 EPS. As a group, equities research analysts anticipate that Ross Stores, Inc. will post 6.15 EPS for the current year.

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 10th. Ross Stores’s dividend payout ratio is currently 23.15%.

Analyst Upgrades and Downgrades

ROST has been the subject of a number of recent analyst reports. Loop Capital increased their target price on shares of Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley boosted their target price on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. upped their target price on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, Barclays raised their target price on Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $171.69.

Insider Transactions at Ross Stores

In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the transaction, the chairman now directly owns 11,133 shares in the company, valued at $1,694,665.26. This trade represents a 57.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the 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 directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

About Ross Stores

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.