PGGM Investments Has $45.24 Million Stake in Ross Stores, Inc. (NASDAQ:ROST)

PGGM Investments trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST) by 50.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 388,623 shares of the apparel retailer’s stock after selling 401,646 shares during the period. PGGM Investments owned about 0.11% of Ross Stores worth $45,243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Ross Stores by 16.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 22,522,025 shares of the apparel retailer’s stock worth $2,232,384,000 after purchasing an additional 3,204,917 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ross Stores by 2.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,228,436 shares of the apparel retailer’s stock worth $684,193,000 after purchasing an additional 138,267 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Ross Stores by 18.6% during the 2nd quarter. California Public Employees Retirement System now owns 2,858,497 shares of the apparel retailer’s stock worth $283,334,000 after purchasing an additional 447,581 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Ross Stores by 516.3% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,449,268 shares of the apparel retailer’s stock worth $242,772,000 after purchasing an additional 2,051,862 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Ross Stores by 51.4% during the 2nd quarter. Morgan Stanley now owns 1,689,543 shares of the apparel retailer’s stock worth $167,468,000 after purchasing an additional 573,749 shares in the last quarter. Institutional investors and hedge funds own 87.83% of the company’s stock.

NASDAQ:ROST traded down $0.26 on Friday, hitting $117.79. The stock had a trading volume of 480,754 shares, compared to its average volume of 1,659,123. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.50 and a current ratio of 1.26. The stock has a market cap of $42.37 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.48 and a beta of 0.81. Ross Stores, Inc. has a 1 year low of $88.31 and a 1 year high of $122.62. The firm’s fifty day simple moving average is $116.21 and its two-hundred day simple moving average is $109.77.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.06. The firm had revenue of $3.85 billion during the quarter, compared to analyst estimates of $3.77 billion. Ross Stores had a net margin of 10.47% and a return on equity of 49.88%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Equities research analysts predict that Ross Stores, Inc. will post 4.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were paid a $0.255 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $1.02 annualized dividend and a yield of 0.87%. Ross Stores’s dividend payout ratio (DPR) is 23.94%.

A number of equities analysts have recently issued reports on the stock. DA Davidson increased their price objective on shares of Ross Stores to $113.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Loop Capital raised their price target on shares of Ross Stores to $125.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. MKM Partners raised their price target on shares of Ross Stores from $114.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Nomura began coverage on shares of Ross Stores in a research report on Thursday, November 7th. They issued a “neutral” rating and a $110.00 price target on the stock. Finally, Telsey Advisory Group raised their price target on shares of Ross Stores from $112.00 to $118.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $115.95.

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

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