Ross Stores Inc. (ROST) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. reduced its position in shares of Ross Stores Inc. (NASDAQ:ROST) by 0.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 432,718 shares of the apparel retailer’s stock after selling 852 shares during the period. TD Asset Management Inc. owned about 0.11% of Ross Stores worth $27,824,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROST. FMR LLC raised its stake in Ross Stores by 5.4% in the second quarter. FMR LLC now owns 36,204,880 shares of the apparel retailer’s stock valued at $2,052,454,000 after buying an additional 1,852,111 shares during the period. Forsta AP Fonden acquired a new stake in Ross Stores during the second quarter valued at about $68,290,000. American Century Companies Inc. raised its stake in Ross Stores by 62.4% in the second quarter. American Century Companies Inc. now owns 3,108,460 shares of the apparel retailer’s stock valued at $176,219,000 after buying an additional 1,193,928 shares during the period. Suvretta Capital Management LLC acquired a new stake in Ross Stores during the second quarter valued at about $65,817,000. Finally, Dividend Assets Capital LLC raised its stake in Ross Stores by 11,841.5% in the second quarter. Dividend Assets Capital LLC now owns 892,030 shares of the apparel retailer’s stock valued at $50,569,000 after buying an additional 884,560 shares during the period. Hedge funds and other institutional investors own 87.68% of the company’s stock.
Ross Stores Inc. (NASDAQ:ROST) traded down 0.36% during mid-day trading on Wednesday, reaching $68.32. 811,952 shares of the company’s stock were exchanged. Ross Stores Inc. has a one year low of $50.42 and a one year high of $69.81. The company’s 50-day moving average is $64.21 and its 200 day moving average is $60.46. The firm has a market capitalization of $26.70 billion, a P/E ratio of 25.12 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.06. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The business had revenue of $3.10 billion for the quarter. During the same quarter last year, the firm earned $0.53 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities analysts predict that Ross Stores Inc. will post $2.81 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, December 5th. Ross Stores’s dividend payout ratio is currently 19.85%.
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ROST has been the topic of a number of analyst reports. Vetr lowered shares of Ross Stores from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Monday, August 15th. Jefferies Group reaffirmed a “hold” rating and set a $57.00 target price (up previously from $51.00) on shares of Ross Stores in a report on Friday, August 19th. Buckingham Research raised shares of Ross Stores from a “neutral” rating to a “buy” rating in a report on Thursday, August 25th. Bank of America Corp. set a $70.00 target price on shares of Ross Stores and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. One equities 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 company. The company currently has an average rating of “Hold” and a consensus price target of $67.39.
In other news, insider James S. Fassio sold 12,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total transaction of $760,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction on Monday, September 19th. The shares were sold at an average price of $62.54, for a total transaction of $1,250,800.00. 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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