Teachers Advisors LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,124,564 shares of the apparel retailer’s stock after acquiring an additional 113,339 shares during the quarter. Teachers Advisors LLC owned approximately 0.29% of Ross Stores worth $64,921,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Herndon Capital Management LLC lifted its holdings in Ross Stores by 85.6% during the 2nd quarter. Herndon Capital Management LLC now owns 202,917 shares of the apparel retailer’s stock worth $11,715,000 after buying an additional 93,559 shares during the period. Mechanics Bank Trust Department lifted its holdings in Ross Stores by 0.5% during the 2nd quarter. Mechanics Bank Trust Department now owns 65,450 shares of the apparel retailer’s stock worth $3,778,000 after buying an additional 315 shares during the period. Marshall Wace North America L.P. lifted its holdings in Ross Stores by 21.9% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,463,322 shares of the apparel retailer’s stock worth $84,873,000 after buying an additional 262,946 shares during the period. Swiss National Bank lifted its holdings in Ross Stores by 2.3% during the 2nd quarter. Swiss National Bank now owns 1,667,592 shares of the apparel retailer’s stock worth $96,270,000 after buying an additional 36,700 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Ross Stores during the 2nd quarter worth about $968,000. 89.62% of the stock is currently owned by institutional investors.
In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.
Several research analysts have commented on the company. BMO Capital Markets set a $65.00 target price on Ross Stores and gave the stock a “hold” rating in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $63.00 target price on shares of Ross Stores in a report on Tuesday. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday. MKM Partners lifted their target price on Ross Stores from $77.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 18th. Finally, Sanford C. Bernstein assumed coverage on Ross Stores in a report on Tuesday. They set an “outperform” rating and a $74.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $70.00.
Shares of Ross Stores, Inc. (ROST) opened at 60.60 on Friday. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $69.81. The company has a 50-day moving average price of $57.27 and a 200-day moving average price of $61.01. The company has a market capitalization of $23.21 billion, a price-to-earnings ratio of 20.01 and a beta of 1.09.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same period last year, the business posted $0.71 earnings per share. Ross Stores’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, equities analysts anticipate that Ross Stores, Inc. will post $3.23 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.06%. Ross Stores’s dividend payout ratio (DPR) is presently 21.12%.
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About Ross Stores
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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