DekaBank Deutsche Girozentrale Boosts Stake in Ross Stores, Inc. (NASDAQ:ROST)


Share on StockTwits

DekaBank Deutsche Girozentrale boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 262,395 shares of the apparel retailer’s stock after buying an additional 43,521 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.07% of Ross Stores worth $32,224,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. CX Institutional lifted its stake in Ross Stores by 20.5% in the 4th quarter. CX Institutional now owns 546 shares of the apparel retailer’s stock valued at $67,000 after buying an additional 93 shares in the last quarter. Regentatlantic Capital LLC raised its holdings in Ross Stores by 4.0% in the 4th quarter. Regentatlantic Capital LLC now owns 2,494 shares of the apparel retailer’s stock valued at $306,000 after acquiring an additional 95 shares during the last quarter. Optimum Investment Advisors raised its holdings in Ross Stores by 0.9% in the 4th quarter. Optimum Investment Advisors now owns 11,661 shares of the apparel retailer’s stock valued at $1,432,000 after acquiring an additional 100 shares during the last quarter. San Francisco Sentry Investment Group CA raised its holdings in Ross Stores by 20.2% in the 4th quarter. San Francisco Sentry Investment Group CA now owns 695 shares of the apparel retailer’s stock valued at $85,000 after acquiring an additional 117 shares during the last quarter. Finally, JustInvest LLC raised its holdings in Ross Stores by 2.4% in the 4th quarter. JustInvest LLC now owns 5,396 shares of the apparel retailer’s stock valued at $663,000 after acquiring an additional 125 shares during the last quarter. 83.15% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores stock opened at $123.41 on Thursday. Ross Stores, Inc. has a fifty-two week low of $79.65 and a fifty-two week high of $127.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.24 and a current ratio of 1.65. The firm has a 50 day moving average price of $119.88 and a 200 day moving average price of $110.78. The company has a market capitalization of $44.00 billion, a PE ratio of 146.92, a price-to-earnings-growth ratio of 8.16 and a beta of 0.95.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Monday, March 1st. The apparel retailer reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.33). Ross Stores had a net margin of 2.39% and a return on equity of 22.57%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter last year, the business posted $1.28 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities research analysts forecast that Ross Stores, Inc. will post 1.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 16th were issued a $0.285 dividend. The ex-dividend date of this dividend was Monday, March 15th. This represents a $1.14 annualized dividend and a yield of 0.92%. Ross Stores’s dividend payout ratio (DPR) is presently 24.89%.

In related news, CEO Barbara Rentler sold 45,623 shares of Ross Stores stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $123.73, for a total value of $5,644,933.79. Following the completion of the sale, the chief executive officer now owns 311,526 shares in the company, valued at approximately $38,545,111.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George Orban sold 3,250 shares of Ross Stores stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $120.17, for a total transaction of $390,552.50. Following the completion of the sale, the director now owns 405,450 shares of the company’s stock, valued at approximately $48,722,926.50. The disclosure for this sale can be found here. Insiders sold a total of 212,110 shares of company stock valued at $25,291,415 in the last quarter. 2.00% of the stock is owned by insiders.

A number of analysts have commented on ROST shares. Morgan Stanley increased their price objective on shares of Ross Stores from $121.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Ross Stores from $123.00 to $129.00 and gave the company a “buy” rating in a report on Thursday, January 21st. Finally, UBS Group cut their price objective on shares of Ross Stores from $125.00 to $120.00 and set a “neutral” rating for the company in a report on Thursday, March 11th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $117.05.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

See Also: SEC Filing

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.