Bradley Foster & Sargent Inc. CT Sells 6,785 Shares of Ross Stores, Inc. (ROST)
Bradley Foster & Sargent Inc. CT lowered its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 35.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,446 shares of the apparel retailer’s stock after selling 6,785 shares during the quarter. Bradley Foster & Sargent Inc. CT owned about 3,227.78% of Ross Stores worth $804,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Balentine LLC increased its holdings in Ross Stores by 0.3% in the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after buying an additional 5 shares in the last quarter. Alps Advisors Inc. increased its holdings in Ross Stores by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock worth $411,000 after buying an additional 19 shares in the last quarter. First Heartland Consultants Inc. increased its holdings in Ross Stores by 0.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock worth $354,000 after buying an additional 34 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in Ross Stores by 3.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares in the last quarter. Finally, New Amsterdam Partners LLC NY increased its holdings in Ross Stores by 0.8% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 8,375 shares of the apparel retailer’s stock worth $483,000 after buying an additional 64 shares in the last quarter. 90.36% of the stock is owned by institutional investors and hedge funds.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $65.76 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.64. The firm has a market capitalization of $24,897.68, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.00 and a beta of 1.10. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $69.81.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. analysts anticipate that Ross Stores, Inc. will post 3.22 earnings per share for the current fiscal year.
In other news, insider Brian R. Morrow sold 6,157 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Barbara Rentler sold 15,492 shares of the 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 disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.
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Several research firms recently commented on ROST. Jefferies Group LLC reiterated a “hold” rating and issued a $63.00 price objective on shares of Ross Stores in a report on Tuesday, September 12th. MKM Partners raised their target price on Ross Stores from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 target price on shares of Ross Stores in a research report on Monday, September 18th. J P Morgan Chase & Co raised Ross Stores from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $65.00 to $74.00 in a research report on Monday, September 25th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Ross Stores in a research report on Friday, August 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. Ross Stores presently has an average rating of “Buy” and an average price target of $70.21.
Ross Stores Profile
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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