SkyView Investment Advisors LLC has $2.49M position in Ross Stores, Inc. (NASDAQ:ROST)

SkyView Investment Advisors LLC grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST – Free Report) by 17.6% during the second quarter, Holdings Channel reports. The institutional investor owned 17,123 shares of the apparel retailer’s stock after buying an additional 2,558 shares during the quarter. SkyView Investment Advisors LLC’s holdings in Ross Stores were worth $2,488,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its holdings in Ross Stores by 41.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after acquiring an additional 74 shares in the last quarter. Quotient Wealth Partners LLC raised its position in Ross Stores by 4.0% in the second quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after purchasing an additional 85 shares during the period. Checchi Capital Advisers LLC boosted its stake in Ross Stores by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock worth $534,000 after purchasing an additional 86 shares in the last quarter. Kintegral Advisory LLC boosted its stake in Ross Stores by 3.0% in the second quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock worth $428,000 after purchasing an additional 87 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Ross Stores by 1.5% in the second quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after buying an additional 87 shares during the period. 86.86% of shares are owned by institutional investors and hedge funds.

Indoor activity

In related news, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the sale, the chairman now owns 11,133 shares in the company, valued at approximately $1,694,665.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $16,038,546.36. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock worth $11,093,051 in the last quarter. 2.10% of shares are currently owned by company insiders.

Changes in Analyst Ratings

ROST has been the subject of several recent research reports. Robert W. Baird lifted their price target on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Bank of America boosted their price objective on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company upped their target price on shares of Ross Stores from $160.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Finally, Morgan Stanley lifted their target price on shares of Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a 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 given a strong buy rating to the company. The stock has a consensus rating of “Moderate Buy” and an average price target of $169.71, based on data from MarketBeat.

Check out our latest report on ROST

Price performance of Ross stores

Shares of ROST opened at $151.56 on Friday. The firm has a market cap of $50.28 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.09. Ross Stores, Inc. has a 12-month low of $109.19 and a 12-month high of $163.60. The company has a quick ratio of 1.05, a current ratio of 1.56, and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $147.77 and a 200 day moving average of $143.29.

Ross Stores (NASDAQ:ROST – Get Free Report ) last announced its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. In the same period last year, the company earned $1.32 per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores announces dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $0.3675 dividend. This represents a dividend of $1.47 on an annualized basis and a yield of 0.97%. The ex-dividend date is Tuesday, September 10. Ross Stores’ payout ratio is currently 24.79%.

About Ross stores

(Free report)

Ross Stores, Inc, together with its subsidiaries, operates discount clothing and home fashion stores under the Ross Dress for Less and dd’s DISCOUNTS brands in the United States. Its stores mainly offer clothing, accessories, footwear and home fashion. The company’s Ross Dress for Less stores sell their products in department and specialty stores for middle-income households; and dd’s DISCOUNTS stores sell their products at department and discount stores for moderate income households.

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