Marshall Wace North America L.P. lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 10.9% in the third quarter, Holdings Channel reports. The institutional investor owned 1,137,905 shares of the apparel retailer’s stock after selling 138,506 shares during the period. Marshall Wace North America L.P.’s holdings in Ross Stores were worth $112,766,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its position in Ross Stores by 856.6% in the third quarter. Bessemer Group Inc. now owns 1,014 shares of the apparel retailer’s stock worth $101,000 after purchasing an additional 908 shares in the last quarter. Capital Bank & Trust Co raised its position in Ross Stores by 210.0% in the third quarter. Capital Bank & Trust Co now owns 1,085 shares of the apparel retailer’s stock worth $108,000 after purchasing an additional 735 shares in the last quarter. TRUE Private Wealth Advisors acquired a new position in Ross Stores in the third quarter worth about $115,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its position in Ross Stores by 64.5% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,530 shares of the apparel retailer’s stock worth $152,000 after purchasing an additional 600 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its position in Ross Stores by 81.5% in the second quarter. SRS Capital Advisors Inc. now owns 1,875 shares of the apparel retailer’s stock worth $158,000 after purchasing an additional 842 shares in the last quarter. 87.90% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Barbara Rentler sold 20,000 shares of the stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of $95.15, for a total transaction of $1,903,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Shares of ROST traded down $0.18 during mid-day trading on Thursday, hitting $81.58. 4,110,500 shares of the company traded hands, compared to its average volume of 2,835,280. Ross Stores, Inc. has a one year low of $73.76 and a one year high of $104.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 0.73. The stock has a market capitalization of $30.53 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. Ross Stores had a net margin of 10.68% and a return on equity of 48.34%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the prior year, the firm earned $0.72 earnings per share. Ross Stores’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts anticipate that Ross Stores, Inc. will post 4.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.225 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.10%. Ross Stores’s dividend payout ratio (DPR) is currently 26.95%.

Several analysts have weighed in on the stock. Telsey Advisory Group upped their price objective on shares of Ross Stores from $98.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Nomura upped their price objective on shares of Ross Stores from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Friday, August 24th. Wells Fargo & Co upped their price objective on shares of Ross Stores from $86.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, August 24th. Loop Capital upped their price objective on shares of Ross Stores to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 23rd. Finally, Buckingham Research upped their price objective on shares of Ross Stores from $82.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, August 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eighteen have issued a buy rating to the stock. Ross Stores presently has a consensus rating of “Buy” and an average price target of $96.12.

WARNING: This article was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/ross-stores-inc-rost-shares-sold-by-marshall-wace-north-america-l-p/2665774.html.

About Ross Stores

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.

Featured Article: Short Selling – Explanation For Shorting Stocks

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

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

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.