Vident Investment Advisory LLC Invests $608,000 in Ross Stores, Inc. (ROST)

Vident Investment Advisory LLC purchased a new position in Ross Stores, Inc. (NASDAQ:ROST) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,423 shares of the apparel retailer’s stock, valued at approximately $608,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings 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 last quarter. Principal Financial Group Inc. boosted its holdings 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 last quarter. Flossbach Von Storch AG lifted its holdings in Ross Stores by 10.7% during the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock valued at $357,277,000 after purchasing an additional 532,900 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Ross Stores by 5.3% during the second quarter. Ameriprise Financial Inc. now owns 5,424,201 shares of the apparel retailer’s stock valued at $313,116,000 after purchasing an additional 272,437 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Ross Stores by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 5,265,781 shares of the apparel retailer’s stock valued at $340,012,000 after purchasing an additional 85,983 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.

In other news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.30% of the company’s stock.

ROST has been the topic of several recent research reports. Credit Suisse Group set a $66.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a report on Friday, August 18th. UBS dropped their price objective on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 18th. Wolfe Research dropped their price objective on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a report on Friday, August 18th. MKM Partners upped their price objective on shares of Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 18th. Finally, Cowen reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Ross Stores in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $73.71.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $75.96 on Friday. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $78.81. The firm has a market capitalization of $29,413.78, a PE ratio of 24.59, a PEG ratio of 2.35 and a beta of 1.16. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. sell-side analysts predict that Ross Stores, Inc. will post 3.28 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio is presently 20.45%.

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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)

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