Tiverton Asset Management LLC Continues to Hold Holdings in Ross Stores, Inc. (ROST)
Tiverton Asset Management LLC maintained its stake in Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to the company in its most recent filing with the SEC. The firm owned 185,835 shares of the apparel retailer’s stock at the end of the second quarter. Tiverton Asset Management LLC’s holdings in Ross Stores were worth $10,728,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Ross Stores by 2.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,137 shares of the apparel retailer’s stock worth $5,344,000 after acquiring an additional 1,779 shares during the period. Smith Asset Management Group LP bought a new position in Ross Stores in the first quarter worth approximately $42,443,000. Swiss National Bank raised its position in Ross Stores by 22.5% in the first quarter. Swiss National Bank now owns 1,630,892 shares of the apparel retailer’s stock worth $107,427,000 after acquiring an additional 299,800 shares during the period. Flossbach Von Storch AG raised its position in Ross Stores by 60.1% in the first quarter. Flossbach Von Storch AG now owns 67,250 shares of the apparel retailer’s stock worth $4,430,000 after acquiring an additional 25,250 shares during the period. Finally, World Asset Management Inc raised its position in Ross Stores by 19.0% in the first quarter. World Asset Management Inc now owns 43,828 shares of the apparel retailer’s stock worth $2,887,000 after acquiring an additional 6,985 shares during the period. Institutional investors own 89.62% of the company’s stock.
WARNING: “Tiverton Asset Management LLC Continues to Hold Holdings in Ross Stores, Inc. (ROST)” was published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was illegally stolen and reposted in violation of US & international copyright law. The legal version of this article can be viewed at https://www.dailypolitical.com/2017/09/14/tiverton-asset-management-llc-continues-to-hold-holdings-in-ross-stores-inc-rost.html.
ROST has been the topic of several recent research reports. Instinet reiterated a “buy” rating and issued a $74.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. BidaskClub downgraded shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Morgan Stanley reiterated an “overweight” rating and issued a $69.00 price target on shares of Ross Stores in a research report on Monday, May 22nd. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $64.00 price target (down from $70.00) on shares of Ross Stores in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $69.84.
In related news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is owned by company insiders.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded down 0.90% on Thursday, hitting $60.86. 615,793 shares of the stock were exchanged. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $69.81. The company’s 50 day moving average is $56.87 and its 200-day moving average is $61.01. The stock has a market cap of $23.31 billion, a PE ratio of 20.10 and a beta of 1.09.
Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. Analysts predict that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be issued a $0.16 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.04%. Ross Stores’s dividend payout ratio (DPR) is 21.12%.
About Ross Stores
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).
Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.