Bokf Na Has $865,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Bokf Na trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 26.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,959 shares of the apparel retailer’s stock after selling 2,144 shares during the period. Bokf Na’s holdings in Ross Stores were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Ross Stores in the fourth quarter worth approximately $523,185,000. First Trust Advisors LP increased its stake in Ross Stores by 515.8% in the 4th quarter. First Trust Advisors LP now owns 1,756,881 shares of the apparel retailer’s stock valued at $243,135,000 after buying an additional 1,471,585 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of Ross Stores by 1,437.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,026,367 shares of the apparel retailer’s stock valued at $142,039,000 after buying an additional 959,594 shares during the period. Westfield Capital Management Co. LP acquired a new stake in shares of Ross Stores during the 4th quarter valued at $102,083,000. Finally, Wellington Management Group LLP grew its holdings in shares of Ross Stores by 14.6% during the 4th quarter. Wellington Management Group LLP now owns 4,722,885 shares of the apparel retailer’s stock valued at $653,600,000 after acquiring an additional 601,031 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ross Stores news, Director Patricia H. Mueller sold 941 shares of Ross Stores stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $138.37, for a total transaction of $130,206.17. Following the sale, the director now owns 973 shares in the company, valued at $134,634.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ROST. UBS Group increased their price objective on Ross Stores from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Morgan Stanley raised their price target on Ross Stores from $159.00 to $161.00 and gave the stock an “overweight” rating in a research note on Friday, May 24th. Evercore ISI boosted their price target on Ross Stores from $155.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Barclays increased their price objective on Ross Stores from $163.00 to $165.00 and gave the stock an “overweight” rating in a report on Friday, May 24th. Finally, Wells Fargo & Company lifted their target price on shares of Ross Stores from $150.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, May 24th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.06.

Ross Stores Stock Performance

NASDAQ ROST traded up $0.10 during trading on Monday, hitting $141.01. The company’s stock had a trading volume of 231,747 shares, compared to its average volume of 2,245,651. Ross Stores, Inc. has a 52 week low of $108.35 and a 52 week high of $153.06. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 0.31. The firm has a market cap of $47.04 billion, a P/E ratio of 23.77, a price-to-earnings-growth ratio of 2.47 and a beta of 1.08. The firm has a 50 day moving average price of $144.06 and a 200 day moving average price of $141.78.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 23rd. The apparel retailer reported $1.46 EPS for the quarter, beating the consensus estimate of $1.35 by $0.11. Ross Stores had a net margin of 9.60% and a return on equity of 42.24%. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.83 billion. During the same period in the prior year, the company earned $1.09 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Ross Stores, Inc. will post 5.97 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Tuesday, June 11th. Ross Stores’s payout ratio is presently 24.79%.

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.