Dividend Assets Capital LLC trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 25.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 676,551 shares of the apparel retailer’s stock after selling 225,563 shares during the period. Ross Stores makes up approximately 1.8% of Dividend Assets Capital LLC’s investment portfolio, making the stock its 22nd largest holding. Dividend Assets Capital LLC owned 0.18% of Ross Stores worth $43,685,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Balentine LLC boosted its stake in Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 5 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 61 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after buying an additional 1,000 shares in the last quarter. Welch Group LLC boosted its stake in Ross Stores by 35.2% during the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after buying an additional 716 shares in the last quarter. Finally, Sun Life Financial INC boosted its stake in Ross Stores by 20,314.3% during the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after buying an additional 2,844 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors.
Ross Stores, Inc. (NASDAQ:ROST) traded down $1.01 on Monday, hitting $64.75. The stock had a trading volume of 1,210,000 shares, compared to its average volume of 2,240,000. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.64 and a quick ratio of 0.76. The stock has a market cap of $24,970.00, a P/E ratio of 21.70, a PEG ratio of 2.04 and a beta of 1.09.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the business earned $0.71 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. equities analysts forecast that Ross Stores, Inc. will post 3.22 earnings per share for the current year.
In other news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
Several research analysts recently weighed in on ROST shares. Sanford C. Bernstein started coverage on Ross Stores in a research note on Tuesday, September 12th. They set an “outperform” rating and a $74.00 target price for the company. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Monday, September 25th. Buckingham Research reaffirmed a “neutral” rating and set a $71.00 target price on shares of Ross Stores in a research note on Thursday, October 19th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a $65.00 price target (down previously from $68.00) on shares of Ross Stores in a research report on Sunday, August 20th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $62.00 price target on shares of Ross Stores in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $70.21.
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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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