Trexquant Investment LP Sells 100 Shares of Ross Stores, Inc. (ROST)
Trexquant Investment LP lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,700 shares of the apparel retailer’s stock after selling 100 shares during the period. Trexquant Investment LP’s holdings in Ross Stores were worth $849,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its position in Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock valued at $101,000 after buying an additional 10 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 776 shares in the last quarter. Nikko Asset Management Americas Inc. acquired a new stake in shares of Ross Stores during the first quarter valued at about $112,000. Parallel Advisors LLC increased its stake in shares of Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock valued at $111,000 after buying an additional 478 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in shares of Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 61 shares in the last quarter. Institutional investors own 91.37% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 54.80 on Friday. The firm’s 50-day moving average price is $55.48 and its 200-day moving average price is $62.55. Ross Stores, Inc. has a 12-month low of $52.91 and a 12-month high of $69.81. The firm has a market capitalization of $21.33 billion, a P/E ratio of 18.77 and a beta of 1.10.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. The firm had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Equities analysts predict that Ross Stores, Inc. will post $3.16 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on ROST shares. Royal Bank Of Canada set a $70.00 price target on Ross Stores and gave the company a “hold” rating in a research report on Monday, May 15th. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group raised Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a research report on Friday, July 14th. They noted that the move was a valuation call. BMO Capital Markets set a $65.00 price target on Ross Stores and gave the company a “hold” rating in a research report on Thursday, July 6th. Finally, BidaskClub raised Ross Stores from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $69.41.
In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $63.23, for a total transaction of $1,019,899.90. Following the transaction, the director now owns 4,967 shares in the company, valued at approximately $314,063.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.30% of the company’s stock.
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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