RiverPark Advisors LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 9.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 414,000 shares of the apparel retailer’s stock after selling 45,000 shares during the period. Ross Stores accounts for approximately 3.5% of RiverPark Advisors LLC’s portfolio, making the stock its 13th largest holding. RiverPark Advisors LLC owned approximately 0.11% of Ross Stores worth $26,732,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Ross Stores by 1.9% in the second quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock valued at $2,086,753,000 after purchasing an additional 686,186 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Ross Stores by 13.1% in the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock valued at $473,476,000 after purchasing an additional 849,789 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in shares of Ross Stores by 10.7% in the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock valued at $357,277,000 after purchasing an additional 532,900 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Ross Stores by 5.3% in the second quarter. Ameriprise Financial Inc. now owns 5,424,201 shares of the apparel retailer’s stock valued at $313,116,000 after buying an additional 272,437 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Ross Stores by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 5,265,781 shares of the apparel retailer’s stock valued at $340,012,000 after buying an additional 85,983 shares during the last quarter. 90.93% of the stock is currently owned by institutional investors.
In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.
Ross Stores, Inc. (NASDAQ ROST) opened at $76.79 on Thursday. The firm has a market cap 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 quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $78.81.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. analysts anticipate that Ross Stores, Inc. will post 3.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.83%. Ross Stores’s dividend payout ratio (DPR) is presently 20.45%.
A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of Ross Stores in a research report on Monday, September 18th. Wolfe Research cut their price objective on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Bank of America reissued a “buy” rating and issued a $80.00 price objective on shares of Ross Stores in a research report on Sunday, August 20th. Finally, Telsey Advisory Group reissued a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. One equities 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 stock. The company currently has a consensus rating of “Buy” and a consensus target price of $73.71.
TRADEMARK VIOLATION WARNING: This piece was published by Stock Observer and is the property of of Stock Observer. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thestockobserver.com/2017/12/07/riverpark-advisors-llc-sells-45000-shares-of-ross-stores-inc-rost.html.
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.
Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).
Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.