Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 18.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,597 shares of the apparel retailer's stock after selling 8,926 shares during the period. Quantinno Capital Management LP's holdings in Ross Stores were worth $6,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROST. Mufg Securities Americas Inc. purchased a new stake in Ross Stores in the 4th quarter worth $741,000. Nissay Asset Management Corp Japan ADV increased its stake in Ross Stores by 5.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 74,213 shares of the apparel retailer's stock worth $11,352,000 after buying an additional 3,918 shares in the last quarter. Nomura Holdings Inc. increased its stake in Ross Stores by 8.0% in the 4th quarter. Nomura Holdings Inc. now owns 28,468 shares of the apparel retailer's stock worth $4,306,000 after buying an additional 2,112 shares in the last quarter. NorthRock Partners LLC increased its stake in Ross Stores by 244.1% in the 4th quarter. NorthRock Partners LLC now owns 5,124 shares of the apparel retailer's stock worth $775,000 after buying an additional 3,635 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its stake in Ross Stores by 2.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 83,619 shares of the apparel retailer's stock worth $12,649,000 after buying an additional 2,385 shares in the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Ross Stores

In other Ross Stores news, COO Michael J. Hartshorn sold 7,492 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the transaction, the chief operating officer now directly owns 139,091 shares of the company's stock, valued at $17,760,529.79. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Karen Fleming sold 5,339 shares of the business's stock in a transaction dated 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 sale, the chief marketing officer now owns 94,063 shares in the company, valued at approximately $11,826,540.99. This trade represents a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,398 shares of company stock valued at $4,439,950. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

ROST has been the subject of a number of analyst reports. Evercore ISI cut their price target on Ross Stores from $175.00 to $170.00 and set an "outperform" rating for the company in a research note on Wednesday, March 5th. Barclays increased their price target on Ross Stores from $150.00 to $157.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Citigroup upgraded Ross Stores from a "neutral" rating to a "buy" rating and set a $146.00 price objective for the company in a research report on Thursday, April 3rd. Wells Fargo & Company raised their price objective on Ross Stores from $150.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, May 14th. Finally, Morgan Stanley cut their price objective on Ross Stores from $130.00 to $128.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Ross Stores presently has an average rating of "Moderate Buy" and a consensus price target of $161.53.

Ross Stores Stock Down 0.0%

NASDAQ ROST traded down $0.02 on Tuesday, hitting $154.24. The stock had a trading volume of 2,166,600 shares, compared to its average volume of 2,644,478. The business's fifty day moving average price is $136.20 and its 200 day moving average price is $142.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $163.60. The stock has a market cap of $50.72 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.13 and a beta of 1.17.

Ross Stores (NASDAQ:ROST - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.14. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.95 billion. Equities research analysts anticipate that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.05%. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, March 18th. Ross Stores's dividend payout ratio is presently 25.63%.

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.