Ross Stores, Inc. (ROST) Shares Sold by Cubist Systematic Strategies LLC
Cubist Systematic Strategies LLC lowered its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 85.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,670 shares of the apparel retailer’s stock after selling 33,375 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Ross Stores were worth $366,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D bought a new position in shares of Ross Stores during the third quarter worth about $646,000. Hendershot Investments Inc. grew its holdings in shares of Ross Stores by 104.8% during the third quarter. Hendershot Investments Inc. now owns 31,927 shares of the apparel retailer’s stock worth $2,062,000 after buying an additional 16,340 shares in the last quarter. Andra AP fonden grew its holdings in shares of Ross Stores by 8.5% during the third quarter. Andra AP fonden now owns 105,100 shares of the apparel retailer’s stock worth $6,786,000 after buying an additional 8,200 shares in the last quarter. PGGM Investments grew its holdings in shares of Ross Stores by 47.8% during the third quarter. PGGM Investments now owns 720,055 shares of the apparel retailer’s stock worth $46,494,000 after buying an additional 232,899 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. grew its holdings in shares of Ross Stores by 11.9% during the third quarter. Farmers & Merchants Investments Inc. now owns 84,767 shares of the apparel retailer’s stock worth $5,473,000 after buying an additional 9,048 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.
Ross Stores, Inc. (ROST) opened at $80.50 on Wednesday. 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 $81.48. The company has a market capitalization of $30,760.00, a P/E ratio of 25.72, a PEG ratio of 2.45 and a beta of 1.15.
Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. research analysts anticipate that Ross Stores, Inc. will post 3.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 1st were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.80%. Ross Stores’s dividend payout ratio is currently 20.45%.
A number of research firms recently issued reports on ROST. Royal Bank of Canada reiterated a “hold” rating and set a $62.00 price objective on shares of Ross Stores in a report on Monday, September 18th. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research note on Thursday, September 14th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. Nomura set a $80.00 price target on Ross Stores and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, BMO Capital Markets set a $65.00 price target on Ross Stores and gave the company a “hold” rating in a research note on Sunday, September 10th. Nine equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.71.
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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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