Ross Stores, Inc. (ROST) Holdings Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its position in Ross Stores, Inc. (NASDAQ:ROST) by 1.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 98,051 shares of the apparel retailer’s stock after selling 1,075 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ross Stores were worth $9,717,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Ross Stores by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 13,907,770 shares of the apparel retailer’s stock valued at $1,378,259,000 after purchasing an additional 3,512,781 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Ross Stores by 2.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,504,906 shares of the apparel retailer’s stock valued at $545,537,000 after purchasing an additional 144,384 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Ross Stores by 2.4% during the second quarter. Northern Trust Corp now owns 4,645,785 shares of the apparel retailer’s stock valued at $393,730,000 after purchasing an additional 109,300 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Ross Stores by 13.1% during the second quarter. American Century Companies Inc. now owns 3,506,171 shares of the apparel retailer’s stock valued at $297,148,000 after purchasing an additional 404,841 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Ross Stores by 7.8% during the second quarter. Bank of America Corp DE now owns 2,126,156 shares of the apparel retailer’s stock valued at $180,192,000 after purchasing an additional 154,387 shares during the last quarter. 87.90% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on the stock. Nomura boosted their price objective on shares of Ross Stores from $90.00 to $95.00 and gave the company a “buy” rating in a report on Friday, August 24th. Barclays assumed coverage on shares of Ross Stores in a report on Tuesday, September 11th. They set an “equal weight” rating and a $106.00 price objective for the company. Deutsche Bank boosted their price objective on shares of Ross Stores from $91.00 to $96.00 and gave the company a “buy” rating in a report on Monday, August 20th. Loop Capital set a $100.00 price objective on shares of Ross Stores and gave the company a “buy” rating in a report on Tuesday, November 20th. Finally, Cowen set a $110.00 price objective on shares of Ross Stores and gave the company a “buy” rating in a report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and a consensus target price of $96.12.

In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of $95.15, for a total value of $1,903,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.40% of the company’s stock.

Shares of ROST stock opened at $84.75 on Tuesday. Ross Stores, Inc. has a 12 month low of $73.76 and a 12 month high of $104.35. The company has a market cap of $32.71 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 0.73.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Ross Stores had a net margin of 10.68% and a return on equity of 48.34%. The business had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the prior year, the company earned $0.72 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, research analysts predict that Ross Stores, Inc. will post 4.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.06%. Ross Stores’s payout ratio is currently 26.95%.

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About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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

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