Capital International Investors Has $43,702,000 Position in Ross Stores, Inc. (ROST)
Capital International Investors continued to hold its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 757,000 shares of the apparel retailer’s stock at the end of the second quarter. Capital International Investors owned about 0.19% of Ross Stores worth $43,702,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ROST. BlackRock Inc. boosted its position in shares of Ross Stores by 1,908.5% during the 1st quarter. BlackRock Inc. now owns 26,454,293 shares of the apparel retailer’s stock valued at $1,742,545,000 after acquiring an additional 25,137,186 shares in the last quarter. Flossbach Von Storch AG boosted its position in shares of Ross Stores by 7,335.3% during the 2nd quarter. Flossbach Von Storch AG now owns 5,000,270 shares of the apparel retailer’s stock valued at $288,666,000 after acquiring an additional 4,933,020 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Ross Stores by 68.4% during the 2nd quarter. Alliancebernstein L.P. now owns 4,604,774 shares of the apparel retailer’s stock valued at $265,834,000 after acquiring an additional 1,870,314 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ross Stores by 393.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,573,128 shares of the apparel retailer’s stock valued at $90,817,000 after acquiring an additional 1,254,028 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Ross Stores by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 35,460,595 shares of the apparel retailer’s stock valued at $2,335,790,000 after acquiring an additional 1,208,861 shares in the last quarter. Hedge funds and other institutional investors own 90.40% of the company’s stock.
Ross Stores, Inc. (NASDAQ ROST) remained flat at $65.23 on Thursday. 193,020 shares of the company traded hands. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The company has a market capitalization of $25.15 billion, a P/E ratio of 21.54 and a beta of 1.14. The stock has a 50-day moving average of $60.37 and a 200-day moving average of $60.52.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. Ross Stores’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. Analysts anticipate that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 0.98%. Ross Stores’s dividend payout ratio is currently 21.12%.
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In other news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.30% of the company’s stock.
ROST has been the topic of several recent research reports. BidaskClub lowered shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $67.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, July 12th. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Friday, July 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $70.17.
Ross Stores Company 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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