Ross Stores, Inc. (ROST) Holdings Raised by Brown Advisory Inc.
Brown Advisory Inc. raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 627.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,272 shares of the apparel retailer’s stock after acquiring an additional 74,409 shares during the period. Brown Advisory Inc.’s holdings in Ross Stores were worth $5,571,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in ROST. Herndon Capital Management LLC lifted its stake in shares of Ross Stores by 85.6% in the second quarter. Herndon Capital Management LLC now owns 202,917 shares of the apparel retailer’s stock valued at $11,715,000 after buying an additional 93,559 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in shares of Ross Stores in the third quarter valued at about $646,000. Hendershot Investments Inc. lifted its stake in shares of Ross Stores by 104.8% in the third quarter. Hendershot Investments Inc. now owns 31,927 shares of the apparel retailer’s stock valued at $2,062,000 after buying an additional 16,340 shares during the period. Andra AP fonden lifted its stake in shares of Ross Stores by 8.5% in the third quarter. Andra AP fonden now owns 105,100 shares of the apparel retailer’s stock valued at $6,786,000 after buying an additional 8,200 shares during the period. Finally, PGGM Investments lifted its stake in shares of Ross Stores by 47.8% in the third quarter. PGGM Investments now owns 720,055 shares of the apparel retailer’s stock valued at $46,494,000 after buying an additional 232,899 shares during the period. Institutional investors own 90.93% of the company’s stock.
Several equities research analysts recently weighed in on the stock. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the company a “hold” rating in a research note on Tuesday, August 8th. MKM Partners increased their target price on shares of Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Wolfe Research reduced their target price on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a research note on Friday, August 18th. Cowen reiterated an “outperform” rating and issued a $55.00 target price on shares of Ross Stores in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $73.71.
Ross Stores, Inc. (NASDAQ ROST) opened at $78.01 on Tuesday. The company has a market cap of $30,080.00, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.31 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. Ross Stores, Inc. has a one year low of $52.85 and a one year high of $78.81.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 earnings per share. equities analysts expect that Ross Stores, Inc. will post 3.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio is 20.45%.
In other news, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
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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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