Lenox Wealth Management Inc. boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1,404.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,487 shares of the apparel retailer’s stock after acquiring an additional 11,657 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Ross Stores were worth $806,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Balentine LLC boosted its position in shares of Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after buying an additional 5 shares during the period. Acrospire Investment Management LLC boosted its position in shares of Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after buying an additional 1,000 shares during the period. Welch Group LLC boosted its position in shares of Ross Stores by 35.2% during the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after buying an additional 716 shares during the period. Sun Life Financial INC boosted its position in shares of Ross Stores by 20,314.3% during the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after buying an additional 2,844 shares during the period. Finally, Nikko Asset Management Americas Inc. boosted its position in shares of Ross Stores by 88.2% during the second quarter. Nikko Asset Management Americas Inc. now owns 3,200 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 1,500 shares during the period. 90.93% of the stock is currently owned by institutional investors.

Ross Stores, Inc. (ROST) opened at $76.79 on Thursday. The stock has a market capitalization of $30,080.04, a price-to-earnings ratio of 24.92, a PEG ratio of 2.38 and a beta of 1.16. 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 12-month low of $52.85 and a 12-month high of $78.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. equities research analysts anticipate that Ross Stores, Inc. will post 3.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 30th. Ross Stores’s payout ratio is presently 20.45%.

In other news, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction 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 filing with the SEC, which is available through this hyperlink. Also, insider Brian R. Morrow sold 6,157 shares of the company’s 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 disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Several research analysts have issued reports on the company. Jefferies Group set a $66.00 target price on Ross Stores and gave the company a “hold” rating in a research report on Saturday, November 18th. Cowen set a $78.00 price target on Ross Stores and gave the company a “buy” rating in a report on Saturday, November 18th. Telsey Advisory Group reiterated a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. SunTrust Banks set a $80.00 price target on Ross Stores and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $70.00 price target (up previously from $62.00) on shares of Ross Stores in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Ross Stores has a consensus rating of “Buy” and a consensus price target of $73.71.

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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.

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

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