Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 498,503 shares of the apparel retailer’s stock after selling 17,050 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Ross Stores were worth $54,772,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bailard Inc. increased its position in shares of Ross Stores by 2.5% in the 3rd quarter. Bailard Inc. now owns 4,104 shares of the apparel retailer’s stock valued at $451,000 after purchasing an additional 99 shares during the last quarter. TrinityPoint Wealth LLC increased its position in shares of Ross Stores by 4.0% in the 2nd quarter. TrinityPoint Wealth LLC now owns 2,619 shares of the apparel retailer’s stock valued at $277,000 after purchasing an additional 101 shares during the last quarter. ETF Managers Group LLC increased its position in shares of Ross Stores by 6.0% in the 2nd quarter. ETF Managers Group LLC now owns 1,955 shares of the apparel retailer’s stock valued at $197,000 after purchasing an additional 111 shares during the last quarter. Rowland & Co. Investment Counsel ADV increased its position in shares of Ross Stores by 1.3% in the 3rd quarter. Rowland & Co. Investment Counsel ADV now owns 8,841 shares of the apparel retailer’s stock valued at $972,000 after purchasing an additional 111 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in shares of Ross Stores by 2.5% in the 2nd quarter. Wedbush Securities Inc. now owns 4,779 shares of the apparel retailer’s stock valued at $474,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

In other Ross Stores news, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total transaction of $1,629,900.00. Also, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $110.01, for a total transaction of $2,750,250.00. The disclosure for this sale can be found here. Insiders sold a total of 65,000 shares of company stock worth $7,056,650 over the last ninety days. Insiders own 2.30% of the company’s stock.

NASDAQ ROST opened at $109.39 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 0.63. The firm’s fifty day moving average price is $109.58 and its 200 day moving average price is $103.10. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.34 and a beta of 0.84. Ross Stores, Inc. has a 12 month low of $75.91 and a 12 month high of $114.82.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 22nd. The apparel retailer reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The firm had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.96 billion. Ross Stores had a net margin of 10.46% and a return on equity of 49.21%. The company’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 4.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, September 11th. Ross Stores’s dividend payout ratio (DPR) is 23.94%.

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Ross Stores from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. DA Davidson increased their price objective on shares of Ross Stores to $105.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Robert W. Baird reissued an “outperform” rating and issued a $114.00 price objective (up from $108.00) on shares of Ross Stores in a research report on Friday, August 23rd. ValuEngine downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Co increased their price objective on shares of Ross Stores from $104.00 to $116.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $109.78.

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

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