Ross Stores, Inc. (ROST) Shares Bought by Accident Compensation Corp

Accident Compensation Corp boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 56.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,470 shares of the apparel retailer’s stock after acquiring an additional 5,970 shares during the quarter. Accident Compensation Corp’s holdings in Ross Stores were worth $1,063,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in shares of Ross Stores by 3,501.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,942,654 shares of the apparel retailer’s stock worth $112,149,000 after purchasing an additional 1,888,715 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Ross Stores by 68.4% in the 2nd quarter. Alliancebernstein L.P. now owns 4,604,774 shares of the apparel retailer’s stock worth $265,834,000 after purchasing an additional 1,870,314 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Ross Stores by 8,982.4% in the 3rd quarter. Nordea Investment Management AB now owns 1,617,840 shares of the apparel retailer’s stock worth $104,464,000 after purchasing an additional 1,600,027 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Ross Stores by 393.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,573,128 shares of the apparel retailer’s stock worth $90,817,000 after purchasing an additional 1,254,028 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Ross Stores by 39.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock worth $236,257,000 after purchasing an additional 1,029,990 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

In other news, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Ross Stores, Inc. (NASDAQ ROST) opened at $76.79 on Thursday. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $78.81. The stock has a market capitalization of $30,080.04, a P/E ratio of 24.92, a PEG ratio of 2.38 and a beta of 1.16. 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 earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. research analysts expect that Ross Stores, Inc. will post 3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio is currently 20.45%.

A number of equities analysts have recently issued reports on the company. Jefferies Group set a $66.00 price objective on Ross Stores and gave the stock a “hold” rating in a report on Saturday, November 18th. Cowen set a $78.00 price objective on Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Telsey Advisory Group reiterated a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. SunTrust Banks set a $80.00 price objective on Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $70.00 target price (up from $62.00) on shares of Ross Stores in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the company. Ross Stores currently has an average rating of “Buy” and a consensus price target of $73.71.

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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.

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

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