Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 14,151 Shares of Ross Stores, Inc. (ROST)
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 17.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 94,741 shares of the apparel retailer’s stock after buying an additional 14,151 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ross Stores were worth $5,469,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of ROST. Guardian Life Insurance Co. of America boosted its position in shares of Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares during the last quarter. TrimTabs Asset Management LLC boosted its position in shares of Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after buying an additional 776 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after buying an additional 478 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. acquired a new position in shares of Ross Stores during the first quarter worth approximately $112,000. Institutional investors and hedge funds own 89.63% of the company’s stock.
Shares of Ross Stores, Inc. (ROST) opened at 59.38 on Monday. The stock has a market cap of $22.74 billion, a price-to-earnings ratio of 19.61 and a beta of 1.10. The company has a 50-day moving average price of $55.44 and a 200-day moving average price of $61.85. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts anticipate that Ross Stores, Inc. will post $3.23 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.08%. Ross Stores’s payout ratio is 21.12%.
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A number of research analysts have commented on the stock. Royal Bank Of Canada set a $67.00 price target on shares of Ross Stores and gave the company a “hold” rating in a research report on Monday, June 19th. MKM Partners increased their price target on shares of Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, July 12th. William Blair restated an “outperform” rating on shares of Ross Stores in a report on Monday, May 22nd. Finally, Cowen and Company restated an “outperform” rating and issued a $55.00 target price on shares of Ross Stores in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. Ross Stores currently has an average rating of “Buy” and a consensus price target of $69.28.
Ross Stores Company 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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