Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by WBI Investments Inc.

WBI Investments Inc. decreased its holdings in Ross Stores, Inc. (NASDAQ:ROSTFree Report) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,006 shares of the apparel retailer’s stock after selling 1,159 shares during the quarter. WBI Investments Inc.’s holdings in Ross Stores were worth $2,147,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ROST. Vanguard Group Inc. raised its stake in Ross Stores by 0.5% during the first quarter. Vanguard Group Inc. now owns 27,510,301 shares of the apparel retailer’s stock valued at $2,488,582,000 after buying an additional 137,952 shares in the last quarter. BlackRock Inc. raised its position in shares of Ross Stores by 1.9% during the 2nd quarter. BlackRock Inc. now owns 27,193,866 shares of the apparel retailer’s stock worth $3,049,248,000 after purchasing an additional 507,572 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ross Stores by 31.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,938,572 shares of the apparel retailer’s stock worth $890,152,000 after purchasing an additional 1,902,348 shares during the period. Geode Capital Management LLC raised its position in shares of Ross Stores by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 7,558,634 shares of the apparel retailer’s stock worth $845,418,000 after purchasing an additional 197,259 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Ross Stores by 14.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 5,355,761 shares of the apparel retailer’s stock worth $600,541,000 after purchasing an additional 662,825 shares during the period. Institutional investors and hedge funds own 84.79% of the company’s stock.

Analysts Set New Price Targets

ROST has been the subject of a number of recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $130.00 price objective on shares of Ross Stores in a report on Monday, November 13th. Evercore ISI initiated coverage on Ross Stores in a report on Tuesday, November 7th. They issued an “outperform” rating and a $140.00 price objective for the company. Wells Fargo & Company increased their price objective on Ross Stores from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, December 22nd. Morgan Stanley increased their price objective on Ross Stores from $131.00 to $137.00 and gave the stock an “overweight” rating in a report on Friday, November 17th. Finally, BMO Capital Markets increased their price target on Ross Stores from $127.00 to $138.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.05.

Read Our Latest Research Report on ROST

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $145.87 on Monday. The company has a current ratio of 1.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.48. The firm has a market cap of $49.11 billion, a price-to-earnings ratio of 28.89, a P/E/G ratio of 2.11 and a beta of 1.04. Ross Stores, Inc. has a 1 year low of $99.00 and a 1 year high of $146.42. The business has a fifty day simple moving average of $137.61 and a 200 day simple moving average of $124.98.

Ross Stores (NASDAQ:ROSTGet Free Report) last posted its earnings results on Thursday, November 16th. The apparel retailer reported $1.33 EPS for the quarter, topping the consensus estimate of $1.22 by $0.11. The firm had revenue of $4.92 billion for the quarter, compared to the consensus estimate of $4.84 billion. Ross Stores had a net margin of 8.75% and a return on equity of 38.83%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. As a group, sell-side analysts predict that Ross Stores, Inc. will post 5.36 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 5th were given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 0.92%. The ex-dividend date was Monday, December 4th. Ross Stores’s dividend payout ratio is currently 26.53%.

About Ross Stores

(Free Report)

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 brand names in the United States. Its stores primarily offer 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 for households with moderate income.

See Also

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:ROSTFree Report).

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.