Natixis Advisors L.P. Has $7 Million Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)
Natixis Advisors L.P. raised its position in Ross Stores, Inc. (NASDAQ:ROST) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 70,609 shares of the apparel retailer’s stock after buying an additional 2,295 shares during the quarter. Natixis Advisors L.P.’s holdings in Ross Stores were worth $6,999,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in shares of Ross Stores by 524.7% during the second quarter. Bessemer Group Inc. now owns 1,272,506 shares of the apparel retailer’s stock valued at $126,132,000 after acquiring an additional 1,068,815 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd bought a new stake in Ross Stores during the 1st quarter worth about $49,087,000. Renaissance Technologies LLC bought a new stake in Ross Stores during the 2nd quarter worth about $47,531,000. Geode Capital Management LLC lifted its position in Ross Stores by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 6,088,490 shares of the apparel retailer’s stock valued at $505,856,000 after purchasing an additional 456,445 shares during the period. Finally, First Trust Advisors LP lifted its position in Ross Stores by 83.6% during the 2nd quarter. First Trust Advisors LP now owns 842,895 shares of the apparel retailer’s stock valued at $83,548,000 after purchasing an additional 383,891 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.
NASDAQ ROST traded up $0.22 during trading on Wednesday, reaching $108.38. 87,744 shares of the stock traded hands, compared to its average volume of 2,053,430. The firm has a market cap of $39.57 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.32 and a beta of 0.84. The stock’s 50-day moving average price is $105.27 and its 200 day moving average price is $99.17. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. Ross Stores, Inc. has a fifty-two week low of $75.91 and a fifty-two week high of $110.67.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, September 11th. Ross Stores’s dividend payout ratio (DPR) is 23.94%.
Several brokerages have recently commented on ROST. Wells Fargo & Co lifted their price target on shares of Ross Stores from $104.00 to $116.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Morgan Stanley increased their price objective on shares of Ross Stores from $94.00 to $104.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Loop Capital raised shares of Ross Stores to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, August 16th. ValuEngine cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Jefferies Financial Group set a $100.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Ross Stores presently has a consensus rating of “Buy” and a consensus price target of $107.61.
In other news, insider James S. Fassio sold 85,238 shares of Ross Stores stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $104.85, for a total transaction of $8,937,204.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Barbara Rentler sold 25,000 shares of Ross Stores stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $107.06, for a total value of $2,676,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 240,238 shares of company stock valued at $24,956,214. 2.30% of the stock is owned by corporate insiders.
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. 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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