Los Angeles Capital Management LLC Has $252.80 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Los Angeles Capital Management LLC reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 29.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,679,589 shares of the apparel retailer's stock after selling 712,267 shares during the period. Ross Stores accounts for about 1.0% of Los Angeles Capital Management LLC's portfolio, making the stock its 14th largest holding. Los Angeles Capital Management LLC owned about 0.51% of Ross Stores worth $252,795,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ross Stores in the 2nd quarter valued at approximately $27,000. SJS Investment Consulting Inc. lifted its stake in Ross Stores by 262.1% in the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer's stock valued at $31,000 after acquiring an additional 152 shares during the last quarter. Industrial Alliance Investment Management Inc. bought a new position in shares of Ross Stores in the 2nd quarter valued at about $32,000. Armstrong Advisory Group Inc. acquired a new position in shares of Ross Stores during the 3rd quarter worth about $33,000. Finally, Crewe Advisors LLC raised its holdings 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 during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Ross Stores from $160.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a "strong-buy" rating in a report on Friday, August 23rd. UBS Group increased their price target on Ross Stores from $147.00 to $167.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. TD Cowen lifted their price objective on shares of Ross Stores from $173.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, August 23rd. Finally, Robert W. Baird increased their price objective on shares of Ross Stores from $162.00 to $180.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $171.88.

Insider Buying and Selling at Ross Stores

In related news, COO Michael J. Hartshorn sold 8,366 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Michael Balmuth sold 14,887 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the completion of the transaction, the chairman now owns 11,133 shares of the company's stock, valued at approximately $1,694,665.26. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the business's 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 completion of the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,138 shares of company stock worth $11,093,051 over the last 90 days. Insiders own 2.10% of the company's stock.

Ross Stores Price Performance

Shares of ROST stock traded up $1.36 during trading on Friday, hitting $143.40. The company had a trading volume of 2,845,994 shares, compared to its average volume of 2,473,196. The firm has a market capitalization of $47.57 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. Ross Stores, Inc. has a one year low of $119.73 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. The stock's 50-day moving average price is $147.21 and its 200 day moving average price is $143.88.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the company posted $1.32 EPS. The company's revenue was up 7.1% compared to the same quarter last year. Equities analysts expect that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $0.3675 dividend. This represents a $1.47 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores's dividend payout ratio (DPR) is presently 23.71%.

Ross Stores Company Profile

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.