Financiere des Professionnels Fonds d investissement inc. Sells 2,482 Shares of Ross Stores, Inc. $ROST

Financiere des Professionnels Fonds d investissement inc. trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST) by 6.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 37,184 shares of the apparel retailer’s stock after selling 2,482 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Ross Stores were worth $4,744,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ROST. Golden State Wealth Management LLC lifted its stake in shares of Ross Stores by 50.7% in the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Banque Transatlantique SA bought a new stake in shares of Ross Stores in the 1st quarter valued at approximately $29,000. Bayforest Capital Ltd lifted its stake in shares of Ross Stores by 372.5% in the 1st quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 190 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Ross Stores by 36.6% in the 1st quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Putney Financial Group LLC bought a new stake in shares of Ross Stores in the 4th quarter valued at approximately $44,000. 86.86% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CMO Karen Sykes sold 4,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $151.76, for a total transaction of $607,040.00. Following the transaction, the chief marketing officer directly owned 106,413 shares in the company, valued at $16,149,236.88. The trade was a 3.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by company insiders.

Ross Stores Trading Down 0.4%

Shares of NASDAQ:ROST opened at $146.45 on Wednesday. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $158.69. The business’s fifty day simple moving average is $142.92 and its 200-day simple moving average is $138.31. The company has a market capitalization of $47.63 billion, a PE ratio of 23.25, a P/E/G ratio of 2.83 and a beta of 1.15. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.18.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.02. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.The business had revenue of $5.53 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same period last year, the business posted $1.59 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th will be paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, September 9th. Ross Stores’s payout ratio is 25.71%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ROST shares. JPMorgan Chase & Co. raised their price objective on Ross Stores from $156.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Jefferies Financial Group raised Ross Stores from a “hold” rating to a “buy” rating and raised their price target for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Loop Capital decreased their price target on Ross Stores from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Evercore ISI decreased their price target on Ross Stores from $170.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company raised their price target on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, August 28th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.67.

Ross Stores 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.