Ross Stores, Inc. (ROST) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 449,893 shares of the apparel retailer’s stock after selling 13,902 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.12% of Ross Stores worth $29,050,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Ross Stores by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock worth $2,086,753,000 after buying an additional 686,186 shares during the period. Principal Financial Group Inc. grew its position in shares of Ross Stores by 13.1% in the 3rd quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock worth $473,476,000 after buying an additional 849,789 shares during the period. Flossbach Von Storch AG grew its position in shares of Ross Stores by 10.7% in the 3rd quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock worth $357,277,000 after buying an additional 532,900 shares during the period. Ameriprise Financial Inc. grew its position in shares of Ross Stores by 5.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,424,201 shares of the apparel retailer’s stock worth $313,116,000 after buying an additional 272,437 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Ross Stores by 1.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,265,781 shares of the apparel retailer’s stock worth $340,012,000 after buying an additional 85,983 shares during the period. 90.93% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores, Inc. (NASDAQ ROST) opened at $78.01 on Tuesday. The stock has a market cap of $30,080.00, a PE ratio of 24.19, a P/E/G ratio of 2.31 and a beta of 1.15. Ross Stores, Inc. has a one year low of $52.85 and a one year high of $78.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. Ross Stores’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. analysts expect that Ross Stores, Inc. will post 3.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, November 30th. Ross Stores’s payout ratio is 20.45%.

ROST has been the topic of a number of recent research reports. Royal Bank Of Canada set a $62.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research report on Monday, October 30th. Buckingham Research reaffirmed a “neutral” rating and issued a $71.00 target price on shares of Ross Stores in a research report on Thursday, October 19th. Sanford C. Bernstein initiated coverage on shares of Ross Stores in a research report on Tuesday, September 12th. They issued an “outperform” rating and a $74.00 target price on the stock. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $65.00 target price (down from $68.00) on shares of Ross Stores in a research report on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. Ross Stores presently has an average rating of “Buy” and a consensus price target of $73.71.

In related news, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Brian R. Morrow sold 6,157 shares of the company’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total transaction of $402,052.10. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Ross Stores, Inc. (ROST) Shares Sold by Nomura Asset Management Co. Ltd.” was published by Community Financial News and is owned by of Community Financial News. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.com-unik.info/2017/12/05/ross-stores-inc-rost-shares-sold-by-nomura-asset-management-co-ltd.html.

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.

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

What are top analysts saying about Ross Stores Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Ross Stores Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit