Tiaa Fsb reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 14.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,057 shares of the apparel retailer’s stock after selling 18,174 shares during the quarter. Tiaa Fsb’s holdings in Ross Stores were worth $10,312,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. TRUE Private Wealth Advisors bought a new stake in shares of Ross Stores during the 3rd quarter valued at $115,000. NuWave Investment Management LLC boosted its holdings in shares of Ross Stores by 168.7% during the 2nd quarter. NuWave Investment Management LLC now owns 1,701 shares of the apparel retailer’s stock valued at $145,000 after buying an additional 1,068 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of Ross Stores by 81.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,875 shares of the apparel retailer’s stock valued at $158,000 after buying an additional 842 shares in the last quarter. MUFG Americas Holdings Corp boosted its holdings in shares of Ross Stores by 216.4% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,924 shares of the apparel retailer’s stock valued at $163,000 after buying an additional 1,316 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Ross Stores during the 2nd quarter valued at $188,000. 88.39% of the stock is currently owned by institutional investors and hedge funds.
ROST opened at $95.93 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock has a market cap of $36.20 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 2.35 and a beta of 1.09. Ross Stores, Inc. has a 52-week low of $62.59 and a 52-week high of $100.58.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.82 EPS. As a group, analysts expect that Ross Stores, Inc. will post 4.12 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Thursday, September 13th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, September 12th. Ross Stores’s dividend payout ratio is currently 26.95%.
A number of analysts have recently commented on ROST shares. UBS Group started coverage on shares of Ross Stores in a report on Thursday, June 21st. They set a “neutral” rating and a $90.00 target price on the stock. Wedbush started coverage on shares of Ross Stores in a research note on Friday, June 22nd. They issued a “neutral” rating and a $90.00 price target on the stock. Loop Capital upped their price target on shares of Ross Stores from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, June 27th. BidaskClub cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 12th. Finally, Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Friday, July 20th. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. The stock currently 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 the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now owns 25,127 shares in the company, valued at approximately $2,384,552.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Barbara Rentler sold 20,000 shares of the company’s stock in a transaction dated Friday, October 12th. The shares were sold at an average price of $95.15, for a total transaction of $1,903,000.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
About Ross Stores
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.
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