Virginia Retirement Systems ET AL trimmed its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 42.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,800 shares of the apparel retailer’s stock after selling 217,100 shares during the quarter. Virginia Retirement Systems ET AL owned 0.08% of Ross Stores worth $18,712,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Balentine LLC increased its position in shares of Ross Stores by 0.3% during the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after purchasing an additional 5 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Ross Stores by 3.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after acquiring an additional 61 shares during the period. Acrospire Investment Management LLC boosted its holdings in Ross Stores by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after acquiring an additional 1,000 shares during the period. Welch Group LLC boosted its holdings in Ross Stores by 35.2% during the 2nd quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after acquiring an additional 716 shares during the period. Finally, Sun Life Financial INC boosted its holdings in Ross Stores by 20,314.3% during the 2nd quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after acquiring an additional 2,844 shares during the period. Institutional investors own 90.93% of the company’s stock.
Ross Stores, Inc. (NASDAQ:ROST) traded down $0.23 during midday trading on Thursday, reaching $76.79. The company had a trading volume of 2,037,500 shares, compared to its average volume of 2,972,834. The stock has a market capitalization of $29,698.30, a P/E ratio of 24.61, a PEG ratio of 2.35 and a beta of 1.16. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $78.81.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS 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 business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the previous year, the business earned $0.62 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. sell-side analysts anticipate that Ross Stores, Inc. will post 3.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.83%. Ross Stores’s dividend payout ratio (DPR) is presently 20.45%.
Several research firms have weighed in on ROST. 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 target price on Ross Stores and gave the stock a “buy” rating in a research report on Saturday, November 18th. Telsey Advisory Group reissued a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. SunTrust Banks set a $80.00 price objective on Ross Stores and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $70.00 price objective (up previously from $62.00) on shares of Ross Stores in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $73.71.
In related news, insider Brian R. Morrow sold 6,157 shares of the business’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.
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Ross Stores 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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