Ross Stores, Inc. (ROST) Shares Bought by Roosevelt Investment Group Inc.
Roosevelt Investment Group Inc. boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,101 shares of the apparel retailer’s stock after purchasing an additional 3,603 shares during the quarter. Roosevelt Investment Group Inc.’s holdings in Ross Stores were worth $11,629,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ROST. Fox Run Management L.L.C. purchased a new stake in Ross Stores in the second quarter valued at approximately $202,000. LS Investment Advisors LLC raised its stake in shares of Ross Stores by 8.7% during the second quarter. LS Investment Advisors LLC now owns 11,237 shares of the apparel retailer’s stock worth $649,000 after purchasing an additional 897 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Ross Stores by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 24,300 shares of the apparel retailer’s stock worth $1,403,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE raised its stake in shares of Ross Stores by 11.4% during the second quarter. US Bancorp DE now owns 151,423 shares of the apparel retailer’s stock worth $8,741,000 after purchasing an additional 15,545 shares during the last quarter. Finally, BB&T Corp raised its stake in shares of Ross Stores by 4.4% during the second quarter. BB&T Corp now owns 35,966 shares of the apparel retailer’s stock worth $2,076,000 after purchasing an additional 1,521 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. Royal Bank Of Canada restated a “hold” rating and set a $62.00 price target on shares of Ross Stores in a research note on Monday, September 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 report on Friday, August 18th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a report on Friday. Finally, Jefferies Group LLC set a $66.00 price objective on Ross Stores and gave the stock a “hold” rating in a report on Saturday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Ross Stores currently has an average rating of “Buy” and a consensus price target of $73.71.
Shares of Ross Stores, Inc. (ROST) traded up $6.56 during trading hours on Monday, hitting $72.25. The company had a trading volume of 8,241,900 shares, compared to its average volume of 2,958,412. The stock has a market cap of $27,860.00, a P/E ratio of 23.08, a P/E/G ratio of 2.20 and a beta of 1.09. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $73.94.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. equities research analysts expect that Ross Stores, Inc. will post 3.28 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a dividend of $0.16 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.89%. Ross Stores’s payout ratio is currently 20.45%.
In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian R. Morrow sold 6,157 shares of the firm’s 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. Company insiders own 2.30% of the company’s stock.
WARNING: This piece of content was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/20/ross-stores-inc-rost-shares-bought-by-roosevelt-investment-group-inc.html.
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.
Receive News & Stock Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related stocks with our FREE daily email newsletter.