Aigen Investment Management LP acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,083 shares of the apparel retailer's stock, valued at approximately $1,217,000.
Other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in Ross Stores during the second quarter worth about $27,000. SJS Investment Consulting Inc. boosted its stake in shares of Ross Stores by 262.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer's stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Ross Stores in the 2nd quarter valued at approximately $32,000. Armstrong Advisory Group Inc. acquired a new stake in shares of Ross Stores in the 3rd quarter valued at approximately $33,000. Finally, Crewe Advisors LLC boosted its stake in shares of Ross Stores by 97.8% in the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer's stock valued at $40,000 after purchasing an additional 136 shares in the last quarter. 86.86% of the stock is owned by institutional investors.
Ross Stores Trading Up 0.1 %
Shares of NASDAQ:ROST traded up $0.15 during mid-day trading on Wednesday, hitting $140.46. The company had a trading volume of 2,374,093 shares, compared to its average volume of 2,265,320. The firm has a fifty day moving average price of $146.82 and a 200 day moving average price of $144.08. The company has a market capitalization of $46.60 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. Ross Stores, Inc. has a one year low of $119.73 and a one year high of $163.60.
Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.09. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. Ross Stores's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.32 EPS. As a group, research analysts forecast that Ross Stores, Inc. will post 6.12 EPS for the current year.
Ross Stores Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a yield of 1.05%. Ross Stores's dividend payout ratio (DPR) is presently 23.71%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ROST shares. Telsey Advisory Group restated a "market perform" rating and issued a $175.00 price target on shares of Ross Stores in a research note on Tuesday, October 29th. Barclays lifted their target price on shares of Ross Stores from $165.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. UBS Group lifted their target price on shares of Ross Stores from $147.00 to $167.00 and gave the stock a "neutral" rating in a research report on Friday, August 23rd. Morgan Stanley lifted their target price on shares of Ross Stores from $163.00 to $178.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. Finally, StockNews.com downgraded shares of Ross Stores from a "buy" rating to a "hold" rating in a research report on Friday, November 8th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $170.63.
Read Our Latest Stock Analysis on ROST
Insider Buying and Selling at Ross Stores
In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the transaction, the chief executive officer now directly owns 311,853 shares of the company's stock, valued at $48,003,532.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by corporate insiders.
Ross Stores Profile
(
Free Report)
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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.
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