Sanders Morris Harris LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 90.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,080 shares of the apparel retailer’s stock after selling 9,820 shares during the period. Sanders Morris Harris LLC’s holdings in Ross Stores were worth $108,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ROST. Voya Investment Management LLC increased its stake in shares of Ross Stores by 379.2% in the 2nd quarter. Voya Investment Management LLC now owns 1,769,749 shares of the apparel retailer’s stock valued at $149,986,000 after purchasing an additional 1,400,405 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Ross Stores by 3,515.8% in the 2nd quarter. Marshall Wace LLP now owns 789,183 shares of the apparel retailer’s stock valued at $66,883,000 after purchasing an additional 767,357 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Ross Stores by 15.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,360,522 shares of the apparel retailer’s stock valued at $454,305,000 after purchasing an additional 724,764 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Ross Stores by 70.2% in the 2nd quarter. Jennison Associates LLC now owns 1,710,090 shares of the apparel retailer’s stock valued at $144,930,000 after purchasing an additional 705,317 shares during the last quarter. Finally, Millennium Management LLC grew its position in Ross Stores by 29.8% during the 1st quarter. Millennium Management LLC now owns 2,603,686 shares of the apparel retailer’s stock worth $203,035,000 after acquiring an additional 598,433 shares during the last quarter. Institutional investors own 88.24% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Barclays assumed coverage on Ross Stores in a research report on Tuesday, September 11th. They set an “equal weight” rating and a $106.00 price objective on the stock. DA Davidson assumed coverage on Ross Stores in a research report on Tuesday, September 25th. They set a “neutral” rating and a $96.00 price objective on the stock. BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. Loop Capital boosted their price objective on Ross Stores from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Finally, Goldman Sachs Group assumed coverage on Ross Stores in a research report on Monday, September 3rd. They set a “neutral” rating and a $104.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $96.04.
In other Ross Stores news, Director Norman A. Ferber sold 10,144 shares of Ross Stores stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now directly owns 25,127 shares of the company’s stock, valued at approximately $2,384,552.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by insiders.
ROST traded up $1.81 during midday trading on Tuesday, hitting $97.69. 36,246 shares of the company were exchanged, compared to its average volume of 2,700,842. The company has a market capitalization of $37.00 billion, a PE ratio of 29.18, a PEG ratio of 2.41 and a beta of 1.09. Ross Stores, Inc. has a 1-year low of $62.34 and a 1-year high of $100.58. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.66 billion. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. Equities research analysts predict that Ross Stores, Inc. will post 4.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, September 13th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, September 12th. Ross Stores’s payout ratio is presently 26.95%.
Ross Stores Profile
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.
See Also: What is the NASDAQ Stock Market?
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.