Worldquant Millennium Quantitative Strategies LLC Takes Position in Ross Stores, Inc. (ROST)
Worldquant Millennium Quantitative Strategies LLC purchased a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 406,324 shares of the apparel retailer’s stock, valued at approximately $34,436,000. Ross Stores accounts for 1.3% of Worldquant Millennium Quantitative Strategies LLC’s holdings, making the stock its 9th largest position. Worldquant Millennium Quantitative Strategies LLC owned about 0.11% of Ross Stores at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of ROST. Zurich Insurance Group Ltd FI boosted its holdings in shares of Ross Stores by 67.6% during the second quarter. Zurich Insurance Group Ltd FI now owns 126,554 shares of the apparel retailer’s stock worth $10,725,000 after purchasing an additional 51,051 shares during the period. SCP Investment LP purchased a new stake in shares of Ross Stores during the second quarter worth about $1,271,000. Colony Group LLC boosted its holdings in shares of Ross Stores by 15.7% during the second quarter. Colony Group LLC now owns 311,850 shares of the apparel retailer’s stock worth $26,429,000 after purchasing an additional 42,257 shares during the period. Banco de Sabadell S.A boosted its holdings in shares of Ross Stores by 40.8% during the second quarter. Banco de Sabadell S.A now owns 33,717 shares of the apparel retailer’s stock worth $2,861,000 after purchasing an additional 9,778 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Ross Stores during the second quarter worth about $1,467,000. Institutional investors and hedge funds own 87.48% of the company’s stock.
In other Ross Stores news, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $94.90, for a total transaction of $962,665.60. Following the completion of the transaction, the director now owns 25,127 shares of the company’s stock, valued at $2,384,552.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James S. Fassio sold 175,769 shares of the firm’s stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of $86.57, for a total transaction of $15,216,322.33. Following the transaction, the insider now directly owns 82,899 shares of the company’s stock, valued at approximately $7,176,566.43. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.
Shares of NASDAQ ROST opened at $97.27 on Thursday. Ross Stores, Inc. has a fifty-two week low of $59.95 and a fifty-two week high of $98.70. The company has a market cap of $37.07 billion, a price-to-earnings ratio of 29.12, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 0.10.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the firm earned $0.82 earnings per share. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. sell-side analysts anticipate that Ross Stores, Inc. will post 4.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Wednesday, September 12th. Ross Stores’s dividend payout ratio is 26.95%.
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 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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