Stanley Laman Group Ltd. grew its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 17.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,928 shares of the apparel retailer’s stock after buying an additional 1,196 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Ross Stores were worth $786,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Accident Compensation Corp acquired a new stake in shares of Ross Stores in the first quarter valued at $205,000. Trellis Advisors LLC acquired a new stake in shares of Ross Stores in the first quarter valued at $218,000. Ballentine Partners LLC increased its stake in shares of Ross Stores by 9.7% in the second quarter. Ballentine Partners LLC now owns 7,091 shares of the apparel retailer’s stock valued at $702,000 after buying an additional 629 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Ross Stores by 83.6% in the second quarter. First Trust Advisors LP now owns 842,895 shares of the apparel retailer’s stock valued at $83,548,000 after buying an additional 383,891 shares in the last quarter. Finally, Comerica Securities Inc. increased its stake in shares of Ross Stores by 20.4% in the fourth quarter. Comerica Securities Inc. now owns 4,218 shares of the apparel retailer’s stock valued at $351,000 after buying an additional 716 shares in the last quarter. Institutional investors own 89.62% of the company’s stock.
In other news, CEO Barbara Rentler sold 40,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $99.16, for a total transaction of $3,966,400.00. Following the completion of the transaction, the chief executive officer now directly owns 473,922 shares in the company, valued at approximately $46,994,105.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George Orban sold 29,000 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $105.89, for a total value of $3,070,810.00. Following the transaction, the director now owns 542,939 shares of the company’s stock, valued at $57,491,810.71. The disclosure for this sale can be found here. Insiders have sold a total of 296,287 shares of company stock valued at $29,806,735 over the last 90 days. Corporate insiders own 2.30% of the company’s stock.
Shares of Ross Stores stock traded down $0.05 during trading on Thursday, hitting $102.12. 24,002 shares of the company were exchanged, compared to its average volume of 1,710,133. The company has a market capitalization of $37.67 billion, a price-to-earnings ratio of 23.98, a P/E/G ratio of 2.20 and a beta of 0.89. Ross Stores, Inc. has a 1-year low of $75.91 and a 1-year high of $108.20. The stock has a fifty day moving average price of $103.95. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.34 and a quick ratio of 0.64.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The company had revenue of $3.80 billion during the quarter, compared to analyst estimates of $3.79 billion. Ross Stores had a return on equity of 48.92% and a net margin of 10.47%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.11 EPS. Sell-side analysts predict that Ross Stores, Inc. will post 4.51 EPS for the current year.
ROST has been the subject of a number of research reports. Telsey Advisory Group lowered Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 price objective for the company. in a research report on Monday, June 24th. BidaskClub upgraded Ross Stores from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Goldman Sachs Group lowered Ross Stores from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $102.00 to $91.00 in a research report on Thursday, June 27th. Guggenheim reiterated a “buy” rating and issued a $105.00 price objective on shares of Ross Stores in a research report on Friday, May 24th. Finally, Zacks Investment Research upgraded Ross Stores from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Ross Stores has an average rating of “Buy” and an average target price of $98.64.
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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