iSAM Funds UK Ltd purchased a new position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,701 shares of the apparel retailer's stock, valued at approximately $409,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vident Advisory LLC lifted its holdings in shares of Ross Stores by 4.6% in the 4th quarter. Vident Advisory LLC now owns 6,466 shares of the apparel retailer's stock worth $978,000 after acquiring an additional 282 shares during the last quarter. Twinbeech Capital LP raised its holdings in Ross Stores by 125.1% in the 4th quarter. Twinbeech Capital LP now owns 336,574 shares of the apparel retailer's stock worth $50,914,000 after purchasing an additional 187,020 shares in the last quarter. Teza Capital Management LLC raised its holdings in Ross Stores by 257.7% in the 4th quarter. Teza Capital Management LLC now owns 30,348 shares of the apparel retailer's stock worth $4,591,000 after purchasing an additional 21,864 shares in the last quarter. State of Wyoming grew its position in shares of Ross Stores by 306.2% in the 4th quarter. State of Wyoming now owns 5,208 shares of the apparel retailer's stock worth $788,000 after buying an additional 3,926 shares during the period. Finally, Toronto Dominion Bank grew its position in shares of Ross Stores by 5.5% in the 4th quarter. Toronto Dominion Bank now owns 187,419 shares of the apparel retailer's stock worth $28,351,000 after buying an additional 9,797 shares during the period. Hedge funds and other institutional investors own 86.86% of the company's stock.
Insider Activity at Ross Stores
In other Ross Stores news, Chairman Michael Balmuth sold 11,261 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $131.60, for a total value of $1,481,947.60. Following the completion of the transaction, the chairman now directly owns 59,790 shares in the company, valued at approximately $7,868,364. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Karen Sykes sold 5,036 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $130.48, for a total transaction of $657,097.28. Following the completion of the transaction, the chief marketing officer now owns 110,365 shares of the company's stock, valued at $14,400,425.20. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,398 shares of company stock worth $4,439,950 over the last three months. 2.20% of the stock is owned by corporate insiders.
Ross Stores Price Performance
Shares of ROST stock traded down $14.99 on Friday, reaching $137.26. The company's stock had a trading volume of 18,532,945 shares, compared to its average volume of 2,705,616. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock's fifty day simple moving average is $138.19 and its 200-day simple moving average is $142.94. The company has a market capitalization of $45.13 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $163.60.
Ross Stores (NASDAQ:ROST - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, topping the consensus estimate of $1.44 by $0.03. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.94 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. Ross Stores's quarterly revenue was up 2.6% compared to the same quarter last year. Analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.
Ross Stores Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $0.405 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.62 annualized dividend and a dividend yield of 1.18%. Ross Stores's payout ratio is currently 25.63%.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. Robert W. Baird cut their price objective on shares of Ross Stores from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. BMO Capital Markets dropped their price target on shares of Ross Stores from $168.00 to $156.00 and set an "outperform" rating on the stock in a report on Wednesday, March 5th. Telsey Advisory Group reiterated a "market perform" rating and issued a $150.00 price objective on shares of Ross Stores in a research note on Friday. JPMorgan Chase & Co. decreased their target price on shares of Ross Stores from $161.00 to $141.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, UBS Group decreased their target price on shares of Ross Stores from $168.00 to $163.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ross Stores currently has an average rating of "Moderate Buy" and a consensus target price of $158.67.
Get Our Latest Report on ROST
Ross Stores Company Profile
(
Free Report)
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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.
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