Dynamic Technology Lab Private Ltd Reduces Position in Ross Stores, Inc. (NASDAQ:ROST)

Dynamic Technology Lab Private Ltd reduced its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 71.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,721 shares of the apparel retailer's stock after selling 6,848 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Ross Stores were worth $410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its position in shares of Ross Stores by 11.6% during the third quarter. Daiwa Securities Group Inc. now owns 62,361 shares of the apparel retailer's stock worth $9,386,000 after acquiring an additional 6,499 shares during the period. Marco Investment Management LLC increased its holdings in Ross Stores by 6.5% during the 3rd quarter. Marco Investment Management LLC now owns 4,900 shares of the apparel retailer's stock worth $737,000 after purchasing an additional 300 shares during the period. Sompo Asset Management Co. Ltd. increased its holdings in Ross Stores by 6.0% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 7,280 shares of the apparel retailer's stock worth $1,096,000 after purchasing an additional 410 shares during the period. Algert Global LLC grew its holdings in Ross Stores by 917.2% during the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer's stock worth $4,440,000 after acquiring an additional 26,598 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Ross Stores by 11.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 2,894 shares of the apparel retailer's stock valued at $436,000 after purchasing an additional 302 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Performance

Shares of NASDAQ:ROST traded down $0.02 during midday trading on Friday, hitting $154.87. The stock had a trading volume of 1,323,540 shares, compared to its average volume of 3,337,848. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $145.32 and a two-hundred day moving average price of $145.44. The company has a market capitalization of $51.38 billion, a PE ratio of 24.39, a P/E/G ratio of 2.56 and a beta of 1.09.

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

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.3675 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.95%. Ross Stores's payout ratio is currently 23.15%.

Analyst Ratings Changes

A number of analysts have weighed in on ROST shares. Robert W. Baird raised their price target on Ross Stores from $162.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. JPMorgan Chase & Co. raised their target price on Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Guggenheim reaffirmed a "buy" rating and issued a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. UBS Group increased their price target on shares of Ross Stores from $147.00 to $167.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Finally, Gordon Haskett raised shares of Ross Stores to a "strong-buy" rating in a research report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $171.69.

Insider Transactions at Ross Stores

In other news, Chairman Michael Balmuth sold 14,887 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now owns 11,133 shares in the company, valued at $1,694,665.26. This trade represents a 57.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores 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 transaction, the chief operating officer now directly owns 103,049 shares of the company's stock, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

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.