Gs Investments Inc. acquired a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,512 shares of the apparel retailer’s stock, valued at approximately $1,819,000. Ross Stores accounts for about 1.4% of Gs Investments Inc.’s holdings, making the stock its 22nd largest holding.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Toronto Dominion Bank lifted its stake in shares of Ross Stores by 24.1% during the second quarter. Toronto Dominion Bank now owns 135,821 shares of the apparel retailer’s stock valued at $7,840,000 after buying an additional 26,412 shares during the period. Archford Capital Strategies LLC lifted its stake in shares of Ross Stores by 220.4% during the second quarter. Archford Capital Strategies LLC now owns 26,580 shares of the apparel retailer’s stock valued at $222,000 after buying an additional 18,285 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Ross Stores by 229.1% during the second quarter. Dynamic Technology Lab Private Ltd now owns 24,053 shares of the apparel retailer’s stock valued at $1,389,000 after buying an additional 16,744 shares during the period. WINTON GROUP Ltd lifted its stake in shares of Ross Stores by 7.1% during the second quarter. WINTON GROUP Ltd now owns 40,620 shares of the apparel retailer’s stock valued at $2,345,000 after buying an additional 2,709 shares during the period. Finally, Wasatch Advisors Inc. purchased a new position in shares of Ross Stores during the second quarter valued at approximately $283,000. 90.34% of the stock is currently owned by institutional investors and hedge funds.
Ross Stores, Inc. (ROST) traded up 1.18% during midday trading on Friday, reaching $64.14. 438,680 shares of the company were exchanged. The firm’s 50-day moving average is $62.32 and its 200-day moving average is $60.41. Ross Stores, Inc. has a one year low of $52.85 and a one year high of $69.81. The firm has a market cap of $24.73 billion, a P/E ratio of 21.18 and a beta of 1.14.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Ross Stores’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities analysts expect that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Wednesday, September 6th. Ross Stores’s payout ratio is 21.12%.
In other news, insider Brian R. Morrow sold 6,157 shares of the business’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Several brokerages recently issued reports on ROST. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 price objective on shares of Ross Stores in a research note on Monday, September 18th. Buckingham Research reissued a “neutral” rating and set a $71.00 price objective on shares of Ross Stores in a research note on Thursday. Wolfe Research reduced their price objective on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. Ross Stores presently has an average rating of “Buy” and an average price target of $70.21.
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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.
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