TimesSquare Capital Management LLC Sells 8,810 Shares of Ross Stores, Inc. (NASDAQ:ROST)

TimesSquare Capital Management LLC decreased its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 608,020 shares of the apparel retailer's stock after selling 8,810 shares during the quarter. Ross Stores makes up 1.4% of TimesSquare Capital Management LLC's portfolio, making the stock its 19th biggest position. TimesSquare Capital Management LLC owned approximately 0.18% of Ross Stores worth $91,513,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew its stake in shares of Ross Stores by 68.8% in the second quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer's stock worth $347,585,000 after acquiring an additional 975,190 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Ross Stores by 59.4% in the second quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer's stock worth $183,263,000 after acquiring an additional 469,717 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Ross Stores by 27.8% in the second quarter. Principal Financial Group Inc. now owns 1,814,440 shares of the apparel retailer's stock worth $263,675,000 after acquiring an additional 394,774 shares during the last quarter. 1832 Asset Management L.P. grew its stake in shares of Ross Stores by 24.2% in the second quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer's stock worth $291,734,000 after acquiring an additional 390,518 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Ross Stores by 11.7% in the second 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 last quarter. Institutional investors own 86.86% of the company's stock.

Insider Transactions at Ross Stores

In other news, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction that occurred 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 approximately $1,694,665.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Michael J. Hartshorn sold 8,366 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now directly owns 103,049 shares of the company's stock, valued at approximately $16,038,546.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of the firm's stock in a transaction that occurred 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 sale, the chairman now directly owns 11,133 shares of the company's stock, valued at $1,694,665.26. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is currently owned by company insiders.

Ross Stores Price Performance

NASDAQ ROST traded up $1.36 during trading on Friday, hitting $143.40. 2,845,994 shares of the stock traded hands, compared to its average volume of 2,473,196. The company has a market capitalization of $47.57 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.09. The firm has a 50-day simple moving average of $147.21 and a 200-day simple moving average of $143.88. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. Ross Stores, Inc. has a 12-month low of $119.73 and a 12-month high of $163.60.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $5.29 billion during the quarter, compared to analysts' expectations of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 EPS. As a group, analysts predict that Ross Stores, Inc. will post 6.2 EPS for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were issued a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Tuesday, September 10th. Ross Stores's dividend payout ratio (DPR) is 23.71%.

Analyst Ratings Changes

ROST has been the topic of several recent analyst reports. TD Cowen increased their price objective on Ross Stores from $173.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, August 23rd. UBS Group increased their price objective on Ross Stores from $147.00 to $167.00 and gave the company a "neutral" rating in a research report on Friday, August 23rd. Telsey Advisory Group reissued a "market perform" rating and issued a $175.00 target price on shares of Ross Stores in a report on Tuesday, October 29th. Bank of America increased their target price on Ross Stores from $170.00 to $180.00 and gave the company a "buy" rating in a report on Friday, August 23rd. Finally, Morgan Stanley raised their price objective on Ross Stores from $163.00 to $178.00 and gave the stock an "overweight" rating in a research note on Friday, August 23rd. Four analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.88.

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.