195,660 Shares in Ross Stores, Inc. (ROST) Acquired by Sather Financial Group Inc
Sather Financial Group Inc purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 195,660 shares of the apparel retailer’s stock, valued at approximately $12,634,000. Ross Stores accounts for approximately 3.5% of Sather Financial Group Inc’s holdings, making the stock its 8th largest holding. Sather Financial Group Inc owned about 0.05% of Ross Stores at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ROST. Balentine LLC lifted its position in shares of Ross Stores by 0.3% in the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares during the period. Acrospire Investment Management LLC lifted its position in shares of Ross Stores by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after purchasing an additional 1,000 shares during the period. Welch Group LLC lifted its position in shares of Ross Stores by 35.2% in the 2nd quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock worth $159,000 after purchasing an additional 716 shares during the period. Sun Life Financial INC lifted its position in Ross Stores by 20,314.3% during the 2nd quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after acquiring an additional 2,844 shares during the period. Finally, Nikko Asset Management Americas Inc. lifted its position in Ross Stores by 88.2% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,200 shares of the apparel retailer’s stock valued at $185,000 after acquiring an additional 1,500 shares during the period. 90.93% of the stock is owned by institutional investors and hedge funds.
Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $77.02 on Wednesday. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $78.81. The company has a market cap of $29,700.00, a P/E ratio of 24.19, a PEG ratio of 2.31 and a beta of 1.15. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. research analysts anticipate that Ross Stores, Inc. will post 3.28 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Thursday, November 30th. Ross Stores’s payout ratio is 20.45%.
A number of research analysts recently issued reports on ROST shares. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Credit Suisse Group reissued a “neutral” rating and set a $64.00 price target (down from $70.00) on shares of Ross Stores in a research report on Tuesday, August 8th. BMO Capital Markets set a $65.00 price target on shares of Ross Stores and gave the company a “hold” rating in a research report on Tuesday, August 8th. UBS lowered their price target on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, August 18th. Finally, Wolfe Research lowered their price target on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and an average price target of $73.71.
In related news, insider Brian R. Morrow sold 6,157 shares of the firm’s 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 SEC, which is available at this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was 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.
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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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