Ross Stores, Inc. (ROST) Stake Raised by Flossbach Von Storch AG

Flossbach Von Storch AG boosted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 7,335.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 5,000,270 shares of the apparel retailer’s stock after buying an additional 4,933,020 shares during the period. Ross Stores accounts for approximately 3.3% of Flossbach Von Storch AG’s investment portfolio, making the stock its 10th largest position. Flossbach Von Storch AG owned approximately 1.28% of Ross Stores worth $288,666,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. boosted its stake in Ross Stores by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 341,873 shares of the apparel retailer’s stock worth $22,519,000 after buying an additional 8,038 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Ross Stores by 3.7% in the first quarter. Raymond James Trust N.A. now owns 20,789 shares of the apparel retailer’s stock worth $1,369,000 after buying an additional 748 shares in the last quarter. Creative Planning boosted its stake in Ross Stores by 6.4% in the first quarter. Creative Planning now owns 13,856 shares of the apparel retailer’s stock worth $913,000 after buying an additional 832 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in Ross Stores by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 124,802 shares of the apparel retailer’s stock worth $8,220,000 after buying an additional 1,500 shares in the last quarter. Finally, National Pension Service boosted its stake in Ross Stores by 4.3% in the first quarter. National Pension Service now owns 355,177 shares of the apparel retailer’s stock worth $23,658,000 after buying an additional 14,712 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

Ross Stores, Inc. (ROST) opened at 59.02 on Friday. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 20.22 and a beta of 1.10. The stock’s 50 day moving average is $55.18 and its 200 day moving average is $62.10. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $69.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 43.40% and a net margin of 8.87%. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities research analysts forecast that Ross Stores, Inc. will post $3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is currently 21.12%.

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A number of analysts recently commented on ROST shares. Zacks Investment Research upgraded shares of Ross Stores from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub cut shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Morgan Stanley reiterated an “overweight” rating and issued a $69.00 target price on shares of Ross Stores in a research note on Monday, May 22nd. Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research note on Friday, July 14th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $64.00 target price (down from $70.00) on shares of Ross Stores in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $69.04.

In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the firm’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the sale, the director now owns 4,967 shares of the company’s stock, valued at $314,063.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Ross Stores Company 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.

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

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