Pittenger & Anderson Inc. lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,475 shares of the apparel retailer’s stock after selling 1,085 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Ross Stores were worth $2,163,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Guardian Life Insurance Co. of America lifted its holdings in Ross Stores by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock valued at $101,000 after acquiring an additional 10 shares during the last quarter. Alps Advisors Inc. lifted its stake in Ross Stores by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock valued at $411,000 after buying an additional 19 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in Ross Stores by 0.6% during the second quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock valued at $354,000 after buying an additional 34 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 61 shares in the last quarter. Finally, New Amsterdam Partners LLC NY lifted its stake in Ross Stores by 0.8% during the second quarter. New Amsterdam Partners LLC NY now owns 8,375 shares of the apparel retailer’s stock valued at $483,000 after buying an additional 64 shares in the last quarter. 89.62% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Thursday. Sanford C. Bernstein assumed coverage on Ross Stores in a report on Tuesday. They issued an “outperform” rating and a $74.00 target price on the stock. Jefferies Group LLC restated a “hold” rating and issued a $63.00 price objective on shares of Ross Stores in a report on Tuesday. BMO Capital Markets set a $65.00 price objective on Ross Stores and gave the stock a “hold” rating in a report on Sunday, September 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $75.00 target price on shares of Ross Stores in a research report on Monday, August 21st. One investment 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’s stock. The company presently has a consensus rating of “Buy” and an average price target of $70.00.
In other news, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.
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Ross Stores, Inc. (NASDAQ ROST) traded up 0.10% during mid-day trading on Friday, reaching $60.66. The company had a trading volume of 1,387,700 shares. The stock 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 $23.23 billion, a price-to-earnings ratio of 20.03 and a beta of 1.09. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $69.81.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. On average, analysts expect that Ross Stores, Inc. will post $3.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.06%. Ross Stores’s dividend payout ratio (DPR) is 21.12%.
Ross Stores 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.
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