Two Sigma Advisers LP Has $2.27 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Two Sigma Advisers LP lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 98.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,000 shares of the apparel retailer's stock after selling 727,300 shares during the period. Two Sigma Advisers LP's holdings in Ross Stores were worth $2,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Larson Financial Group LLC increased its holdings in Ross Stores by 152.9% in the 4th quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock worth $27,000 after acquiring an additional 107 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in Ross Stores during the fourth quarter valued at $31,000. Cary Street Partners Financial LLC bought a new position in shares of Ross Stores in the fourth quarter worth about $48,000. Kestra Investment Management LLC bought a new position in shares of Ross Stores in the fourth quarter worth about $51,000. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in Ross Stores during the 4th quarter worth about $53,000. Institutional investors own 86.86% of the company's stock.

Ross Stores Trading Down 0.8%

Shares of Ross Stores stock traded down $1.13 on Monday, reaching $138.96. 342,346 shares of the company were exchanged, compared to its average volume of 3,116,288. The firm has a market capitalization of $45.69 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. 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 has a fifty day moving average price of $139.50 and a 200-day moving average price of $142.90.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued 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 41.83% and a net margin of 9.95%. The firm had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.94 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.62 dividend on an annualized basis and a yield of 1.17%. Ross Stores's dividend payout ratio is 25.59%.

Analysts Set New Price Targets

Several analysts have commented on ROST shares. Loop Capital decreased their price target on shares of Ross Stores from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Evercore ISI dropped their price target on shares of Ross Stores from $170.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 23rd. Wall Street Zen lowered Ross Stores from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Wells Fargo & Company reduced their price target on Ross Stores from $155.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Ross Stores from $161.00 to $141.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Ross Stores has an average rating of "Moderate Buy" and an average target price of $158.67.

Insider Transactions at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 5,339 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $125.73, for a total transaction of $671,272.47. Following the completion of the transaction, the chief marketing officer now directly owns 94,063 shares in the company, valued at $11,826,540.99. The trade was a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael Balmuth sold 11,261 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $131.60, for a total transaction of $1,481,947.60. Following the transaction, the chairman now owns 59,790 shares of the company's stock, valued at $7,868,364. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,398 shares of company stock worth $4,439,950 in the last three months. Insiders own 2.20% of the company's stock.

Ross Stores Company 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.