Ross Stores, Inc. (ROST) Stake Lowered by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. decreased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,876 shares of the apparel retailer’s stock after selling 982 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Ross Stores were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Ross Stores during the 3rd quarter worth $26,938,000. Kepos Capital LP grew its holdings in Ross Stores by 9.8% during the 3rd quarter. Kepos Capital LP now owns 59,952 shares of the apparel retailer’s stock valued at $5,941,000 after buying an additional 5,332 shares in the last quarter. Bridgewater Associates LP grew its holdings in shares of Ross Stores by 404.4% during the third quarter. Bridgewater Associates LP now owns 73,510 shares of the apparel retailer’s stock worth $7,285,000 after purchasing an additional 58,937 shares in the last quarter. GAM Holding AG grew its holdings in shares of Ross Stores by 66.9% during the third quarter. GAM Holding AG now owns 8,502 shares of the apparel retailer’s stock worth $842,000 after purchasing an additional 3,408 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Ross Stores by 78.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 83,798 shares of the apparel retailer’s stock worth $8,312,000 after purchasing an additional 36,782 shares in the last quarter. 87.90% of the stock is owned by institutional investors.
Shares of ROST stock opened at $81.58 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.10. Ross Stores, Inc. has a fifty-two week low of $73.76 and a fifty-two week high of $104.35. The company has a market capitalization of $30.53 billion, a price-to-earnings ratio of 24.43, a P/E/G ratio of 1.95 and a beta of 0.97.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a $0.225 dividend. The ex-dividend date of this dividend is Thursday, December 6th. This represents a $0.90 annualized dividend and a yield of 1.10%. Ross Stores’s payout ratio is currently 26.95%.
In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The stock was sold at an average price of $95.15, for a total value of $1,903,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.
Several research analysts have recently commented on ROST shares. BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Morgan Stanley cut their price objective on Ross Stores from $99.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 23rd. SunTrust Banks boosted their price objective on Ross Stores to $103.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Finally, Loop Capital boosted their price objective on Ross Stores from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $96.12.
About Ross Stores
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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