Vanguard Group Inc. Has $2.09 Billion Holdings in Ross Stores, Inc. (ROST)
Vanguard Group Inc. raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,146,781 shares of the apparel retailer’s stock after purchasing an additional 686,186 shares during the quarter. Vanguard Group Inc. owned approximately 9.29% of Ross Stores worth $2,086,753,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ROST. UBS Asset Management Americas Inc. grew its stake in Ross Stores by 5.3% in the first quarter. UBS Asset Management Americas Inc. now owns 3,921,234 shares of the apparel retailer’s stock valued at $258,292,000 after purchasing an additional 196,722 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Ross Stores by 6.5% during the 1st quarter. Norinchukin Bank The now owns 25,611 shares of the apparel retailer’s stock worth $1,687,000 after acquiring an additional 1,552 shares during the period. Twin Capital Management Inc. boosted its stake in shares of Ross Stores by 20.9% during the 1st quarter. Twin Capital Management Inc. now owns 70,061 shares of the apparel retailer’s stock worth $4,615,000 after acquiring an additional 12,133 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of Ross Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after acquiring an additional 776 shares during the period. Finally, Mandatum Life Insurance Co Ltd boosted its stake in shares of Ross Stores by 12.7% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 62,145 shares of the apparel retailer’s stock worth $4,093,000 after acquiring an additional 7,020 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.
In related news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.
Ross Stores, Inc. (NASDAQ:ROST) traded up 0.10% during trading on Friday, hitting $60.97. 154,845 shares of the stock traded hands. The firm has a 50-day moving average price of $57.77 and a 200 day moving average price of $60.76. The firm has a market cap of $23.51 billion, a PE ratio of 20.14 and a beta of 1.09. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $69.81.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. Ross Stores’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. Ross Stores’s dividend payout ratio (DPR) is presently 21.12%.
Several analysts recently weighed in on ROST shares. Instinet reissued a “buy” rating and set a $74.00 price target on shares of Ross Stores in a report on Sunday, August 20th. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub lowered Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Credit Suisse Group reiterated a “neutral” rating and issued a $64.00 price target (down previously from $70.00) on shares of Ross Stores in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 price target on shares of Ross Stores in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.68.
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.
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).
Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.