Northwestern Mutual Investment Management Company LLC Has $869,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Northwestern Mutual Investment Management Company LLC lowered its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 80.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,331 shares of the apparel retailer’s stock after selling 64,337 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Ross Stores were worth $869,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America increased its stake in shares of Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after acquiring an additional 10 shares during the last quarter. TrimTabs Asset Management LLC grew its position in shares of Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 776 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 61 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock valued at $111,000 after purchasing an additional 478 shares during the last quarter. Finally, Welch Group LLC grew its position in shares of Ross Stores by 35.2% in the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after purchasing an additional 716 shares during the last quarter. Institutional investors own 89.62% of the company’s stock.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at 60.60 on Friday. The company has a 50-day moving average of $57.27 and a 200 day moving average of $61.01. The company has a market capitalization of $23.21 billion, a PE ratio of 20.01 and a beta of 1.09. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $69.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. Analysts predict that Ross Stores, Inc. will post $3.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, September 6th. Ross Stores’s payout ratio is currently 21.12%.

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In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by insiders.

Several equities research analysts recently weighed in on ROST shares. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, August 21st. Instinet reiterated a “buy” rating and issued a $74.00 target price on shares of Ross Stores in a research note on Sunday, August 20th. Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Friday, July 14th. They noted that the move was a valuation call. UBS AG cut their price target on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, August 18th. Finally, Bank of America Corporation restated a “buy” rating and set a $80.00 price target on shares of Ross Stores in a research note on Sunday, August 20th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $70.00.

Ross Stores Company Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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

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