Gulf International Bank UK Ltd Continues to Hold Stake in Ross Stores Inc. (ROST)
Gulf International Bank UK Ltd held its position in Ross Stores Inc. (NASDAQ:ROST) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 123,102 shares of the apparel retailer’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Ross Stores were worth $7,915,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Evercore Wealth Management LLC boosted its position in shares of Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 435 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock valued at $147,000 after buying an additional 17 shares during the period. Independent Portfolio Consultants Inc. purchased a new stake in Ross Stores during the second quarter valued at about $151,000. NN Investment Partners Holdings N.V. boosted its stake in Ross Stores by 12.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,712 shares of the apparel retailer’s stock valued at $154,000 after buying an additional 300 shares during the period. Finally, Advisory Services Network LLC boosted its stake in Ross Stores by 166.1% in the third quarter. Advisory Services Network LLC now owns 2,549 shares of the apparel retailer’s stock valued at $164,000 after buying an additional 1,591 shares during the period. 87.68% of the stock is owned by hedge funds and other institutional investors.
Ross Stores Inc. (NASDAQ:ROST) traded up 0.373% during trading on Tuesday, hitting $68.615. 1,381,660 shares of the stock were exchanged. Ross Stores Inc. has a 12-month low of $50.42 and a 12-month high of $69.81. The firm has a market cap of $26.82 billion, a PE ratio of 25.226 and a beta of 0.94. The stock’s 50-day moving average price is $64.21 and its 200-day moving average price is $60.46.
Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The firm had revenue of $3.10 billion for the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. On average, equities analysts expect that Ross Stores Inc. will post $2.81 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be given a dividend of $0.135 per share. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.54 annualized dividend and a dividend yield of 0.79%. Ross Stores’s dividend payout ratio (DPR) is 19.85%.
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Several equities research analysts have recently issued reports on ROST shares. Bank of America Corp. set a $70.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a research report on Monday, September 12th. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Thursday, October 6th. Wedbush lifted their price objective on shares of Ross Stores from $65.00 to $67.00 and gave the stock an “outperform” rating in a research report on Friday, August 19th. Royal Bank Of Canada lifted their price target on shares of Ross Stores from $56.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Friday, August 19th. Finally, Citigroup Inc. lifted their price target on shares of Ross Stores from $65.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, August 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the stock. Ross Stores has an average rating of “Hold” and a consensus price target of $67.39.
In other news, CEO Barbara Rentler sold 12,840 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $63.76, for a total transaction of $818,678.40. Following the completion of the transaction, the chief executive officer now owns 542,851 shares in the company, valued at approximately $34,612,179.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider James S. Fassio sold 12,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total transaction of $760,200.00. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
Ross Stores Company Profile
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.
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