Sei Investments Co. Has $37.38 Million Stake in Ross Stores, Inc. (NASDAQ:ROST)

Sei Investments Co. lowered its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 35.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 247,075 shares of the apparel retailer's stock after selling 133,772 shares during the period. Sei Investments Co. owned 0.07% of Ross Stores worth $37,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp raised its position in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer's stock valued at $2,127,802,000 after purchasing an additional 67,861 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ross Stores by 0.4% in the third quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer's stock valued at $1,222,915,000 after buying an additional 34,475 shares in the last quarter. FMR LLC raised its holdings in shares of Ross Stores by 4.9% in the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer's stock valued at $1,025,309,000 after buying an additional 316,652 shares during the last quarter. Marshfield Associates lifted its position in Ross Stores by 0.4% during the 3rd quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer's stock worth $588,337,000 after buying an additional 14,193 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer's stock worth $581,373,000 after acquiring an additional 1,507,922 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

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Ross Stores Trading Up 1.1 %

Ross Stores stock traded up $1.34 during mid-day trading on Thursday, hitting $129.04. 561,718 shares of the company's stock were exchanged, compared to its average volume of 2,432,795. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $42.57 billion, a P/E ratio of 20.34, a PEG ratio of 2.13 and a beta of 1.15. The company's 50 day simple moving average is $138.68 and its 200-day simple moving average is $145.14.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $5.95 billion. On average, equities analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.26%. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Tuesday, March 18th. Ross Stores's dividend payout ratio (DPR) is presently 25.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROST shares. Telsey Advisory Group reduced their target price on shares of Ross Stores from $175.00 to $150.00 and set a "market perform" rating on the stock in a research report on Wednesday, March 5th. Loop Capital dropped their target price on Ross Stores from $190.00 to $175.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Evercore ISI decreased their price target on Ross Stores from $175.00 to $170.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. StockNews.com cut Ross Stores from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Sanford C. Bernstein restated a "market perform" rating and set a $165.00 target price (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $161.40.

Insider Activity at Ross Stores

In other news, CMO Karen Fleming sold 5,339 shares of Ross Stores stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.73, for a total value of $671,272.47. Following the sale, the chief marketing officer now directly owns 94,063 shares in the company, valued at $11,826,540.99. This trade represents a 5.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Michael J. Hartshorn sold 7,492 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $127.69, for a total transaction of $956,653.48. Following the completion of the sale, the chief operating officer now directly owns 139,091 shares in the company, valued at approximately $17,760,529.79. This represents a 5.11 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by insiders.

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.