Ross Stores, Inc. (NASDAQ:ROST) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 20.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,034 shares of the apparel retailer’s stock after buying an additional 3,020 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Ross Stores were worth $1,164,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ROST. Balentine LLC raised its position in Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after purchasing an additional 5 shares in the last quarter. Parkside Financial Bank & Trust raised its position in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 61 shares in the last quarter. Acrospire Investment Management LLC raised its position in Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after purchasing an additional 1,000 shares in the last quarter. Welch Group LLC raised its position in Ross Stores by 35.2% during the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after purchasing an additional 716 shares in the last quarter. Finally, Sun Life Financial INC raised its position in Ross Stores by 20,314.3% during the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after purchasing an additional 2,844 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.

Ross Stores, Inc. (ROST) traded down $0.09 during mid-day trading on Thursday, hitting $76.70. 1,748,860 shares of the stock traded hands, compared to its average volume of 2,967,647. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $78.81. The stock has a market capitalization of $29,698.30, a price-to-earnings ratio of 24.61, a price-to-earnings-growth 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 (NASDAQ:ROST) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the business earned $0.62 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. analysts forecast that Ross Stores, Inc. will post 3.28 earnings per share for the current year.

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

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

A number of equities research analysts have weighed in on ROST shares. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Monday, August 21st. Deutsche Bank reaffirmed a “buy” rating and set a $75.00 price objective on shares of Ross Stores in a research note on Monday, August 21st. Bank of America reaffirmed a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a research note on Sunday, August 20th. Instinet reaffirmed a “buy” rating and set a $74.00 price objective on shares of Ross Stores in a research note on Sunday, August 20th. Finally, MKM Partners raised their price objective on Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price 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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