Ross Stores, Inc. (ROST) Shares Bought by Rhumbline Advisers
Rhumbline Advisers increased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 871,105 shares of the apparel retailer’s stock after acquiring an additional 13,164 shares during the period. Rhumbline Advisers owned about 0.23% of Ross Stores worth $56,247,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in Ross Stores by 7.3% during the 3rd quarter. Advisor Group Inc. now owns 22,808 shares of the apparel retailer’s stock worth $1,472,000 after buying an additional 1,554 shares in the last quarter. Todd Asset Management LLC lifted its holdings in Ross Stores by 14.6% during the 3rd quarter. Todd Asset Management LLC now owns 257,187 shares of the apparel retailer’s stock worth $16,607,000 after buying an additional 32,837 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Ross Stores during the 3rd quarter worth $3,396,000. Court Place Advisors LLC lifted its holdings in Ross Stores by 47.0% during the 3rd quarter. Court Place Advisors LLC now owns 67,601 shares of the apparel retailer’s stock worth $4,365,000 after buying an additional 21,601 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in Ross Stores by 11.0% during the 3rd quarter. Toronto Dominion Bank now owns 150,744 shares of the apparel retailer’s stock worth $9,732,000 after buying an additional 14,923 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
In other news, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total value of $402,052.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Several research analysts have issued reports on ROST shares. Buckingham Research reaffirmed a “neutral” rating and set a $71.00 price objective on shares of Ross Stores in a report on Thursday, October 19th. Sanford C. Bernstein started coverage on Ross Stores in a report on Tuesday, September 12th. They set an “outperform” rating and a $74.00 price objective on the stock. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Monday, September 25th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $65.00 price objective (down previously from $68.00) on shares of Ross Stores in a report on Sunday, August 20th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price target on shares of Ross Stores in a research note on Monday, September 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $70.21.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded down $0.44 during trading hours on Wednesday, reaching $64.47. 3,992,300 shares of the company traded hands, compared to its average volume of 2,924,957. Ross Stores, Inc. has a twelve month low of $52.85 and a twelve month high of $69.81. The firm has a market cap of $25,028.79, a P/E ratio of 21.42, a P/E/G ratio of 2.01 and a beta of 1.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.64 and a quick ratio of 0.76.
Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the business posted $0.71 EPS. Ross Stores’s revenue was up 7.9% on a year-over-year basis. equities research analysts anticipate that Ross Stores, Inc. will post 3.22 earnings per share for the current year.
Ross Stores Profile
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.
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