Atlanta Capital Management Co. L L C reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 48.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,950 shares of the apparel retailer’s stock after selling 649,971 shares during the period. Atlanta Capital Management Co. L L C owned 0.18% of Ross Stores worth $43,904,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Chevy Chase Trust Holdings Inc. raised its holdings in Ross Stores by 0.7% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 343,320 shares of the apparel retailer’s stock valued at $22,168,000 after buying an additional 2,315 shares in the last quarter. First Allied Advisory Services Inc. raised its holdings in Ross Stores by 25.2% during the third quarter. First Allied Advisory Services Inc. now owns 20,099 shares of the apparel retailer’s stock valued at $1,294,000 after buying an additional 4,041 shares in the last quarter. Cohen & Steers Inc. raised its holdings in Ross Stores by 79.2% during the third quarter. Cohen & Steers Inc. now owns 228,448 shares of the apparel retailer’s stock valued at $14,751,000 after buying an additional 100,944 shares in the last quarter. Cadinha & Co. LLC bought a new position in Ross Stores during the third quarter valued at about $211,000. Finally, Lenox Wealth Management Inc. raised its holdings in Ross Stores by 1,404.5% during the third quarter. Lenox Wealth Management Inc. now owns 12,487 shares of the apparel retailer’s stock valued at $806,000 after buying an additional 11,657 shares in the last quarter. Institutional investors own 90.93% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $76.89 on Friday. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $78.81. The firm has a market capitalization of $29,650.00, a PE ratio of 24.53, a P/E/G ratio of 2.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57.
Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. analysts anticipate that Ross Stores, Inc. will post 3.28 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio (DPR) is presently 20.45%.
Several research firms have weighed in on ROST. MKM Partners raised their target price on Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 18th. Wolfe Research dropped their price objective on Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Cowen reiterated an “outperform” rating and issued a $55.00 price objective on shares of Ross Stores in a research note on Friday, August 18th. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, August 21st. Finally, BMO Capital Markets lifted their price objective on Ross Stores from $65.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.71.
In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of Ross Stores 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.
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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.
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