Tredje AP fonden lifted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 0.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,043 shares of the apparel retailer’s stock after purchasing an additional 590 shares during the period. Tredje AP fonden’s holdings in Ross Stores were worth $4,053,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America increased its holdings in shares of Ross Stores by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after purchasing an additional 10 shares during the period. TrimTabs Asset Management LLC increased its stake in 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 acquiring an additional 776 shares during the period. Parallel Advisors LLC increased its stake in 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 acquiring an additional 478 shares during the period. Parkside Financial Bank & Trust increased its stake in 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 acquiring an additional 61 shares during the period. Finally, Global X Management Co. LLC increased its stake in Ross Stores by 28.8% in the first quarter. Global X Management Co. LLC now owns 2,741 shares of the apparel retailer’s stock valued at $181,000 after acquiring an additional 613 shares during the period. 90.40% of the stock is owned by hedge funds and other institutional investors.
Ross Stores, Inc. (NASDAQ ROST) opened at 60.89 on Friday. The company has a 50-day moving average of $57.77 and a 200-day moving average of $60.76. The company has a market cap of $23.48 billion, a P/E ratio of 20.11 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 announced its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the business posted $0.71 EPS. Ross Stores’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Ross Stores, Inc. will post $3.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is currently 21.12%.
In related news, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.
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ROST has been the topic of a number of analyst reports. BidaskClub cut shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $67.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, July 12th. BMO Capital Markets set a $65.00 price target on shares of Ross Stores and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Friday, July 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $69.68.
About Ross Stores
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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