Ross Stores, Inc. (ROST) Stake Raised by Colony Group LLC
Colony Group LLC grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 274,217 shares of the apparel retailer’s stock after buying an additional 2,648 shares during the quarter. Ross Stores accounts for 1.2% of Colony Group LLC’s portfolio, making the stock its 18th largest position. Colony Group LLC owned about 0.07% of Ross Stores worth $17,706,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. boosted its holdings in Ross Stores by 1.6% in the second quarter. Bessemer Group Inc. now owns 20,097 shares of the apparel retailer’s stock worth $1,160,000 after purchasing an additional 321 shares during the last quarter. Global X Management Co. LLC boosted its holdings in Ross Stores by 36.2% in the second quarter. Global X Management Co. LLC now owns 3,734 shares of the apparel retailer’s stock worth $216,000 after purchasing an additional 993 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Ross Stores by 3.9% in the second quarter. Canada Pension Plan Investment Board now owns 223,284 shares of the apparel retailer’s stock worth $12,890,000 after purchasing an additional 8,406 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Ross Stores by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,318,816 shares of the apparel retailer’s stock worth $76,136,000 after purchasing an additional 78,783 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Ross Stores by 2.3% in the second quarter. First Trust Advisors LP now owns 360,105 shares of the apparel retailer’s stock worth $20,789,000 after purchasing an additional 8,114 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.
In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 2.30% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $76.76 on Tuesday. The company has a market cap of $29,600.00, a price-to-earnings ratio of 24.57, a PEG ratio of 2.34 and a beta of 1.15. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $78.81. 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 announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. analysts anticipate that Ross Stores, Inc. will post 3.28 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.83%. Ross Stores’s dividend payout ratio is currently 20.45%.
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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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