Ross Stores, Inc. (NASDAQ:ROST) Position Raised by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 48.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,523 shares of the apparel retailer's stock after purchasing an additional 16,248 shares during the period. Quantinno Capital Management LP's holdings in Ross Stores were worth $7,454,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Ross Stores during the 2nd quarter worth about $27,000. SJS Investment Consulting Inc. lifted its holdings in shares of Ross Stores by 262.1% during the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer's stock worth $31,000 after acquiring an additional 152 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in shares of Ross Stores during the 2nd quarter worth about $32,000. Armstrong Advisory Group Inc. purchased a new position in shares of Ross Stores during the 3rd quarter worth about $33,000. Finally, Crewe Advisors LLC lifted its holdings in shares of Ross Stores by 97.8% during the 2nd quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer's stock worth $40,000 after acquiring an additional 136 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Down 0.1 %

Shares of ROST stock traded down $0.13 during mid-day trading on Friday, reaching $156.48. 3,692,153 shares of the company were exchanged, compared to its average volume of 3,192,596. The company has a market capitalization of $51.91 billion, a P/E ratio of 24.64, a P/E/G ratio of 2.56 and a beta of 1.10. The business's 50 day simple moving average is $145.68 and its 200 day simple moving average is $146.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm's revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. Research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Tuesday, December 10th. Ross Stores's dividend payout ratio is presently 23.15%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Ross Stores from $162.00 to $180.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Bank of America raised their price target on shares of Ross Stores from $170.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Telsey Advisory Group restated a "market perform" rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Loop Capital raised their price target on shares of Ross Stores from $170.00 to $190.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $171.69.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

About Ross Stores

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.