400 Shares in Ross Stores, Inc. (NASDAQ:ROST) Bought by AM Squared Ltd

AM Squared Ltd acquired a new position in Ross Stores, Inc. (NASDAQ:ROST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 400 shares of the apparel retailer’s stock, valued at approximately $60,000.

Other large investors also recently modified their holdings of the company. PGGM Investments grew its holdings in shares of Ross Stores by 724.1% in the second quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock worth $3,611,000 after acquiring an additional 21,833 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Ross Stores by 140.2% in the first quarter. Canada Pension Plan Investment Board now owns 464,062 shares of the apparel retailer’s stock worth $68,106,000 after acquiring an additional 270,844 shares during the period. Diversified Trust Co grew its holdings in shares of Ross Stores by 47.5% in the second quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock worth $1,907,000 after acquiring an additional 4,228 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in Ross Stores by 19.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 30,919 shares of the apparel retailer’s stock valued at $4,538,000 after purchasing an additional 4,992 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in Ross Stores by 42.1% during the first quarter. Janus Henderson Group PLC now owns 63,105 shares of the apparel retailer’s stock valued at $9,260,000 after purchasing an additional 18,685 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ROST. Robert W. Baird boosted their price target on Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, August 23rd. Bank of America boosted their price target on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Loop Capital boosted their price target on Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average price target of $170.00.

Insiders Place Their Bets

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares of the company’s stock, valued at $16,038,546.36. The trade was a 7.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Barbara Rentler sold 48,885 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the transaction, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. This represents a 13.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,138 shares of company stock valued at $11,093,051 over the last ninety days. 2.10% of the stock is owned by insiders.

Ross Stores Price Performance

NASDAQ:ROST opened at $140.69 on Friday. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $46.68 billion, a P/E ratio of 22.69, a P/E/G ratio of 2.31 and a beta of 1.09. Ross Stores, Inc. has a 12 month low of $119.73 and a 12 month high of $163.60. The business’s 50-day moving average is $146.18 and its 200 day moving average is $144.21.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the previous year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Ross Stores, Inc. will post 6.11 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a yield of 1.04%. Ross Stores’s payout ratio is currently 23.71%.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.