Dorsey Wright & Associates reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,498 shares of the apparel retailer’s stock after selling 2,029 shares during the quarter. Dorsey Wright & Associates’ holdings in Ross Stores were worth $3,419,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROST. RMB Capital Management LLC acquired a new stake in Ross Stores in the first quarter valued at approximately $295,000. Blair William & Co. IL lifted its stake in Ross Stores by 47.5% in the first quarter. Blair William & Co. IL now owns 11,907 shares of the apparel retailer’s stock valued at $929,000 after acquiring an additional 3,836 shares during the last quarter. Natixis lifted its stake in Ross Stores by 21.5% in the first quarter. Natixis now owns 53,729 shares of the apparel retailer’s stock valued at $4,190,000 after acquiring an additional 9,504 shares during the last quarter. Hancock Holding Co. acquired a new stake in Ross Stores in the first quarter valued at approximately $957,000. Finally, Mariner LLC lifted its stake in Ross Stores by 4.1% in the first quarter. Mariner LLC now owns 18,085 shares of the apparel retailer’s stock valued at $1,411,000 after acquiring an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 88.24% of the company’s stock.

In related news, Director Norman A. Ferber sold 10,144 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now owns 25,127 shares of the company’s stock, valued at $2,384,552.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

A number of analysts have issued reports on ROST shares. Loop Capital lifted their target price on shares of Ross Stores to $100.00 and gave the company a “buy” rating in a research note on Thursday, August 23rd. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research note on Friday, July 20th. BidaskClub cut shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 12th. Deutsche Bank lifted their target price on shares of Ross Stores from $91.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, August 20th. Finally, Cowen set a $101.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research note on Monday, July 30th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $96.04.

NASDAQ:ROST opened at $95.87 on Friday. Ross Stores, Inc. has a 12 month low of $62.34 and a 12 month high of $100.58. The company has a market capitalization of $37.00 billion, a PE ratio of 28.70, a PEG ratio of 2.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Analysts predict that Ross Stores, Inc. will post 4.12 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Thursday, September 13th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Wednesday, September 12th. Ross Stores’s dividend payout ratio (DPR) is currently 26.95%.

Ross Stores 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 in the United States. It 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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