Johnson Financial Group Inc. lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 60.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,581 shares of the apparel retailer’s stock after selling 6,989 shares during the period. Johnson Financial Group Inc.’s holdings in Ross Stores were worth $264,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Herndon Capital Management LLC raised its position in shares of Ross Stores by 85.6% during the 2nd quarter. Herndon Capital Management LLC now owns 202,917 shares of the apparel retailer’s stock worth $11,715,000 after acquiring an additional 93,559 shares in the last quarter. Mechanics Bank Trust Department increased its position in Ross Stores by 0.5% during the second quarter. Mechanics Bank Trust Department now owns 65,450 shares of the apparel retailer’s stock worth $3,778,000 after buying an additional 315 shares during the period. Marshall Wace North America L.P. increased its position in Ross Stores by 21.9% during the second quarter. Marshall Wace North America L.P. now owns 1,463,322 shares of the apparel retailer’s stock worth $84,873,000 after buying an additional 262,946 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in Ross Stores during the second quarter worth approximately $968,000. Finally, Swiss National Bank increased its position in Ross Stores by 2.3% during the second quarter. Swiss National Bank now owns 1,667,592 shares of the apparel retailer’s stock worth $96,270,000 after buying an additional 36,700 shares during the period. 89.61% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded down 0.05% during trading on Friday, reaching $58.52. The company had a trading volume of 2,085,349 shares. The stock’s 50-day moving average price is $56.51 and its 200-day moving average price is $61.24. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $69.81. The stock has a market capitalization of $22.41 billion, a PE ratio of 19.33 and a beta of 1.09.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Equities analysts forecast that Ross Stores, Inc. will post $3.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Wednesday, September 6th. Ross Stores’s payout ratio is currently 21.12%.
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Several research analysts have commented on ROST shares. BidaskClub lowered Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Royal Bank Of Canada set a $67.00 price target on Ross Stores and gave the stock a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Wednesday, July 12th. Morgan Stanley reaffirmed an “overweight” rating and set a $69.00 price target on shares of Ross Stores in a research report on Monday, May 22nd. Finally, BMO Capital Markets set a $65.00 price target on Ross Stores and gave the stock a “hold” rating in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $69.61.
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.
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