OmniStar Financial Group Inc. acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,709 shares of the apparel retailer's stock, valued at approximately $709,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Ross Stores by 1.2% in the first quarter. Vanguard Group Inc. now owns 28,916,192 shares of the apparel retailer's stock valued at $4,243,740,000 after purchasing an additional 346,474 shares during the period. Victory Capital Management Inc. boosted its position in Ross Stores by 11.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer's stock worth $481,062,000 after acquiring an additional 347,006 shares during the period. Legal & General Group Plc grew its stake in shares of Ross Stores by 10.3% in the second quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer's stock worth $397,747,000 after purchasing an additional 254,720 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ross Stores by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,477,142 shares of the apparel retailer's stock valued at $359,991,000 after purchasing an additional 331,996 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Ross Stores by 68.8% during the second quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer's stock valued at $347,585,000 after purchasing an additional 975,190 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the business'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 value of $1,302,084.24. Following the completion of the sale, the chief operating officer now directly owns 103,049 shares of the company's stock, valued at $16,038,546.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the firm's stock in a transaction dated 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barbara Rentler sold 48,885 shares of the company's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the sale, the chief executive officer now owns 311,853 shares of the company's stock, valued at approximately $48,003,532.29. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,138 shares of company stock worth $11,093,051. Insiders own 2.10% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on ROST. TD Cowen raised their target price on shares of Ross Stores from $173.00 to $185.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Barclays boosted their target price on Ross Stores from $165.00 to $175.00 and gave the stock an "overweight" rating in a report on Friday, August 23rd. StockNews.com upgraded Ross Stores from a "hold" rating to a "buy" rating in a research report on Saturday, September 14th. Loop Capital lifted their price target on Ross Stores from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. Finally, Gordon Haskett upgraded Ross Stores to a "strong-buy" rating in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ross Stores currently has an average rating of "Moderate Buy" and an average target price of $169.71.
Check Out Our Latest Report on Ross Stores
Ross Stores Stock Up 0.5 %
NASDAQ:ROST traded up $0.69 on Friday, hitting $149.88. 3,998,080 shares of the company's stock traded hands, compared to its average volume of 2,235,236. The firm has a 50-day moving average price of $149.00 and a 200-day moving average price of $143.23. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market cap of $49.72 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. Ross Stores, Inc. has a 1 year low of $112.39 and a 1 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. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The firm had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the business earned $1.32 EPS. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.
Ross Stores Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.98%. Ross Stores's payout ratio is 23.71%.
Ross Stores Company Profile
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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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