Teacher Retirement System of Texas Acquires 30,180 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Teacher Retirement System of Texas boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 7.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 438,373 shares of the apparel retailer's stock after buying an additional 30,180 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of Ross Stores worth $66,313,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ROST. Larson Financial Group LLC increased its position in shares of Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock valued at $27,000 after acquiring an additional 107 shares during the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Ross Stores in the 4th quarter valued at about $31,000. ORG Partners LLC increased its stake in shares of Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock worth $36,000 after purchasing an additional 191 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Ross Stores in the 4th quarter valued at about $51,000. Finally, Oakworth Capital Inc. acquired a new stake in Ross Stores in the 4th quarter valued at about $57,000. Institutional investors own 86.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Telsey Advisory Group reduced their target price on Ross Stores from $175.00 to $150.00 and set a "market perform" rating for the company in a research note on Wednesday, March 5th. UBS Group cut their target price on shares of Ross Stores from $168.00 to $163.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Barclays set a $150.00 price target on shares of Ross Stores in a research note on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of Ross Stores from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Wednesday, March 5th. Finally, StockNews.com downgraded Ross Stores from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $161.40.

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Ross Stores Trading Up 4.6 %

Shares of ROST traded up $5.64 during mid-day trading on Monday, reaching $129.18. 4,208,277 shares of the company were exchanged, compared to its average volume of 2,433,370. The business has a 50 day simple moving average of $139.96 and a two-hundred day simple moving average of $145.59. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $163.60. The stock has a market capitalization of $42.62 billion, a PE ratio of 20.34, a PEG ratio of 2.13 and a beta of 1.15. 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 (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, beating analysts' consensus estimates of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. On average, analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.405 dividend. This is an increase from Ross Stores's previous quarterly dividend of $0.37. This represents a $1.62 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, March 18th. Ross Stores's payout ratio is 25.63%.

Insider Transactions at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 5,339 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $125.73, for a total value of $671,272.47. Following the transaction, the chief marketing officer now owns 94,063 shares in the company, valued at approximately $11,826,540.99. This represents a 5.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company's stock.

Ross Stores 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.