Los Angeles Capital Management LLC Has $120.47 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Los Angeles Capital Management LLC lowered its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 25.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 942,743 shares of the apparel retailer's stock after selling 324,637 shares during the period. Los Angeles Capital Management LLC owned 0.29% of Ross Stores worth $120,473,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Ross Stores during the fourth quarter worth approximately $649,318,000. Price T Rowe Associates Inc. MD lifted its position in Ross Stores by 25.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,515,891 shares of the apparel retailer's stock worth $2,952,170,000 after acquiring an additional 3,995,760 shares during the last quarter. Royal Bank of Canada raised its position in shares of Ross Stores by 69.6% in the fourth quarter. Royal Bank of Canada now owns 3,336,312 shares of the apparel retailer's stock valued at $504,684,000 after buying an additional 1,368,571 shares in the last quarter. First Trust Advisors LP raised its position in shares of Ross Stores by 411.3% in the fourth quarter. First Trust Advisors LP now owns 1,458,963 shares of the apparel retailer's stock valued at $220,697,000 after buying an additional 1,173,607 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Ross Stores in the fourth quarter valued at approximately $176,973,000. Institutional investors own 86.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROST. Telsey Advisory Group restated a "market perform" rating and set a $150.00 price objective on shares of Ross Stores in a research report on Friday, May 23rd. Jefferies Financial Group raised shares of Ross Stores from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. Barclays reduced their price objective on shares of Ross Stores from $157.00 to $156.00 and set an "overweight" rating on the stock in a research note on Friday, May 23rd. Morgan Stanley cut their price target on shares of Ross Stores from $128.00 to $126.00 and set an "equal weight" rating on the stock in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Ross Stores from $141.00 to $154.00 and gave the company an "overweight" rating in a research report on Friday, June 13th. Five equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.94.

Ross Stores Trading Down 0.4%

NASDAQ ROST traded down $0.54 during trading hours on Friday, reaching $129.94. The company had a trading volume of 2,714,108 shares, compared to its average volume of 2,820,718. The stock has a market capitalization of $42.50 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 2.48 and a beta of 1.11. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $163.60. The company has a current ratio of 1.55, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $136.77 and a 200 day moving average of $138.48.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its earnings results on Thursday, May 22nd. The apparel retailer reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.03. Ross Stores had a return on equity of 38.77% and a net margin of 9.79%. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter last year, the company earned $1.46 earnings per share. Ross Stores's quarterly revenue was up 2.6% compared to the same quarter last year. As a group, research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, June 10th. Ross Stores's dividend payout ratio is presently 25.59%.

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 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.