Maverick Capital Ltd. lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 87.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,574 shares of the apparel retailer’s stock after selling 44,906 shares during the period. Maverick Capital Ltd.’s holdings in Ross Stores were worth $722,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Ross Stores by 16.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,522,025 shares of the apparel retailer’s stock valued at $2,232,384,000 after buying an additional 3,204,917 shares in the last quarter. Invesco Ltd. lifted its position in Ross Stores by 1.9% in the second quarter. Invesco Ltd. now owns 6,308,912 shares of the apparel retailer’s stock valued at $625,339,000 after acquiring an additional 119,001 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Ross Stores by 2.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,228,436 shares of the apparel retailer’s stock valued at $684,193,000 after acquiring an additional 138,267 shares during the last quarter. Northern Trust Corp boosted its stake in Ross Stores by 0.4% in the second quarter. Northern Trust Corp now owns 4,848,687 shares of the apparel retailer’s stock valued at $480,602,000 after acquiring an additional 20,027 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Ross Stores by 18.6% in the second quarter. California Public Employees Retirement System now owns 2,858,497 shares of the apparel retailer’s stock valued at $283,334,000 after acquiring an additional 447,581 shares in the last quarter. Hedge funds and other institutional investors own 87.16% of the company’s stock.

In other Ross Stores news, insider James S. Fassio sold 15,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total value of $1,629,900.00. Also, CEO Barbara Rentler sold 25,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $107.06, for a total transaction of $2,676,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 65,000 shares of company stock valued at $7,056,650. Corporate insiders own 2.30% of the company’s stock.

ROST has been the topic of several research reports. Telsey Advisory Group raised their price objective on Ross Stores from $112.00 to $118.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Robert W. Baird reissued an “outperform” rating and issued a $114.00 target price (up from $108.00) on shares of Ross Stores in a report on Friday, August 23rd. Credit Suisse Group upped their target price on Ross Stores from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. ValuEngine downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, UBS Group raised their price target on Ross Stores from $104.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $114.50.

Shares of ROST stock opened at $116.00 on Tuesday. The stock has a market capitalization of $42.01 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 2.42 and a beta of 0.81. Ross Stores, Inc. has a 52-week low of $75.91 and a 52-week high of $117.58. The stock’s 50-day moving average price is $112.31 and its 200 day moving average price is $105.62. The company has a quick ratio of 0.50, a current ratio of 1.26 and a debt-to-equity ratio of 0.89.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.06. Ross Stores had a return on equity of 49.88% and a net margin of 10.47%. The firm had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Ross Stores, Inc. will post 4.57 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, December 5th. Ross Stores’s dividend payout ratio (DPR) is presently 23.94%.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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