Point72 Asset Management L.P. lifted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 216.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,800 shares of the apparel retailer’s stock after acquiring an additional 92,200 shares during the quarter. Point72 Asset Management L.P.’s holdings in Ross Stores were worth $11,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Ross Stores by 0.6% in the first quarter. BlackRock Inc. now owns 26,549,467 shares of the apparel retailer’s stock worth $2,070,327,000 after purchasing an additional 154,064 shares in the last quarter. Franklin Resources Inc. raised its holdings in Ross Stores by 0.4% in the first quarter. Franklin Resources Inc. now owns 6,023,816 shares of the apparel retailer’s stock worth $469,737,000 after purchasing an additional 24,217 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Ross Stores by 15.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,360,522 shares of the apparel retailer’s stock worth $454,305,000 after purchasing an additional 724,764 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Ross Stores by 15.4% in the second quarter. Wells Fargo & Company MN now owns 3,829,150 shares of the apparel retailer’s stock worth $324,521,000 after purchasing an additional 509,933 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Ross Stores by 13.1% in the second quarter. American Century Companies Inc. now owns 3,506,171 shares of the apparel retailer’s stock worth $297,148,000 after purchasing an additional 404,841 shares in the last quarter. Institutional investors and hedge funds own 87.48% of the company’s stock.

NASDAQ ROST opened at $96.79 on Friday. Ross Stores, Inc. has a 12 month low of $59.95 and a 12 month high of $98.70. The firm has a market capitalization of $36.63 billion, a PE ratio of 25.26, a P/E/G ratio of 2.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.66 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. equities analysts anticipate that Ross Stores, Inc. will post 4.1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 13th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 0.93%. Ross Stores’s dividend payout ratio (DPR) is presently 26.95%.

In related news, insider James S. Fassio sold 175,769 shares of the stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $86.57, for a total transaction of $15,216,322.33. Following the sale, the insider now directly owns 82,899 shares of the company’s stock, valued at $7,176,566.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Norman A. Ferber sold 10,144 shares of the stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total value of $962,665.60. Following the sale, the director now directly owns 25,127 shares in the company, valued at $2,384,552.30. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

ROST has been the subject of a number of research reports. ValuEngine upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Deutsche Bank decreased their price objective on Ross Stores from $94.00 to $91.00 and set a “buy” rating for the company in a report on Friday, May 25th. Deutsche Bank set a $91.00 price objective on Ross Stores and gave the stock a “buy” rating in a report on Friday, May 25th. Guggenheim reiterated a “buy” rating and issued a $85.00 price objective on shares of Ross Stores in a report on Thursday, May 24th. Finally, Loop Capital increased their price objective on Ross Stores to $88.00 and gave the stock a “buy” rating in a report on Thursday, May 24th. Eleven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $95.17.

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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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