Crew Capital Management Ltd. Has $1.41 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Crew Capital Management Ltd. lifted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 11.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,342 shares of the apparel retailer’s stock after purchasing an additional 938 shares during the quarter. Ross Stores accounts for about 1.1% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 15th largest holding. Crew Capital Management Ltd.’s holdings in Ross Stores were worth $1,406,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. PGGM Investments lifted its holdings in shares of Ross Stores by 724.1% during the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock valued at $3,611,000 after buying an additional 21,833 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Ross Stores by 140.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 464,062 shares of the apparel retailer’s stock valued at $68,106,000 after acquiring an additional 270,844 shares in the last quarter. Norden Group LLC bought a new position in shares of Ross Stores in the 1st quarter valued at approximately $5,667,000. Diversified Trust Co raised its stake in shares of Ross Stores by 47.5% in the 2nd quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock valued at $1,907,000 after acquiring an additional 4,228 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Ross Stores by 8.1% in the 1st quarter. TD Asset Management Inc now owns 547,710 shares of the apparel retailer’s stock valued at $80,382,000 after acquiring an additional 41,204 shares in the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on ROST. StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Morgan Stanley boosted their price target on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Loop Capital boosted their price objective on Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Bank of America boosted their price objective on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Telsey Advisory Group boosted their price objective on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and an average target price of $169.71.

Insider Transactions at Ross Stores

In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares of the company’s stock, valued at $1,694,665.26. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the sale, the chief executive officer now owns 311,853 shares in the company, valued at $48,003,532.29. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the sale, the chairman now owns 11,133 shares in the company, valued at $1,694,665.26. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by company insiders.

Ross Stores Trading Down 2.1 %

NASDAQ ROST traded down $3.13 on Monday, reaching $146.77. The company had a trading volume of 412,091 shares, compared to its average volume of 2,226,833. Ross Stores, Inc. has a 52 week low of $112.39 and a 52 week high of $163.60. The stock’s 50 day moving average is $149.21 and its 200-day moving average is $143.28. The stock has a market cap of $48.96 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.33 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company had revenue of $5.29 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same period in the prior year, the firm earned $1.32 earnings per share. Ross Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.3675 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 1.00%. Ross Stores’s dividend payout ratio is currently 24.79%.

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 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 to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.