HM Payson & Co. Sells 331 Shares of Ross Stores, Inc. (NASDAQ:ROST)


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HM Payson & Co. trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,795 shares of the apparel retailer’s stock after selling 331 shares during the quarter. HM Payson & Co.’s holdings in Ross Stores were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CX Institutional lifted its holdings in shares of Ross Stores by 20.5% during 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 during the period. Regentatlantic Capital LLC lifted its holdings in shares of Ross Stores by 4.0% during the 4th quarter. Regentatlantic Capital LLC now owns 2,494 shares of the apparel retailer’s stock valued at $306,000 after buying an additional 95 shares during the period. 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 worth $1,432,000 after purchasing an additional 100 shares during the period. 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 worth $85,000 after purchasing an additional 117 shares during the period. 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 worth $663,000 after purchasing an additional 125 shares during the period. 83.15% of the stock is currently owned by hedge funds and other institutional investors.

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

In other news, CFO Travis Marquette sold 951 shares of Ross Stores stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $122.62, for a total transaction of $116,611.62. Following the completion of the sale, the chief financial officer now owns 71,271 shares of the company’s stock, valued at $8,739,250.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael K. Kobayashi sold 1,459 shares of Ross Stores stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of $119.17, for a total transaction of $173,869.03. Following the sale, the insider now directly owns 82,633 shares of the company’s stock, valued at approximately $9,847,374.61. The disclosure for this sale can be found here. Insiders have sold 212,110 shares of company stock valued at $25,291,415 in the last ninety days. Insiders own 2.00% of the company’s stock.

ROST opened at $123.41 on Thursday. The firm has a market cap of $44.00 billion, a P/E ratio of 146.92, a P/E/G ratio of 8.16 and a beta of 0.95. Ross Stores, Inc. has a 12 month low of $79.65 and a 12 month high of $127.08. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $119.88 and a 200 day moving average of $110.78.

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

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

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 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.

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Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

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

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