Rehmann Capital Advisory Group Has $265,000 Position in Ross Stores, Inc. $ROST

Rehmann Capital Advisory Group increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 17.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,075 shares of the apparel retailer’s stock after purchasing an additional 307 shares during the period. Rehmann Capital Advisory Group’s holdings in Ross Stores were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ROST. Vanguard Group Inc. increased its stake in Ross Stores by 17.0% during the 1st quarter. Vanguard Group Inc. now owns 34,121,706 shares of the apparel retailer’s stock worth $4,360,413,000 after acquiring an additional 4,946,101 shares during the period. EdgePoint Investment Group Inc. increased its stake in Ross Stores by 59.3% during the 1st quarter. EdgePoint Investment Group Inc. now owns 4,055,088 shares of the apparel retailer’s stock worth $518,200,000 after acquiring an additional 1,509,815 shares during the period. Invesco Ltd. increased its stake in Ross Stores by 5.0% during the 1st quarter. Invesco Ltd. now owns 3,997,575 shares of the apparel retailer’s stock worth $510,850,000 after acquiring an additional 192,148 shares during the period. Dimensional Fund Advisors LP increased its stake in Ross Stores by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,912,392 shares of the apparel retailer’s stock worth $372,134,000 after acquiring an additional 15,085 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Ross Stores by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 2,017,638 shares of the apparel retailer’s stock worth $257,834,000 after acquiring an additional 45,674 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Ross Stores

In related news, CMO Karen Sykes sold 4,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $151.76, for a total transaction of $607,040.00. Following the sale, the chief marketing officer owned 106,413 shares in the company, valued at $16,149,236.88. The trade was a 3.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Stephen C. Brinkley sold 6,437 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $150.97, for a total value of $971,793.89. Following the sale, the insider owned 57,012 shares in the company, valued at $8,607,101.64. This represents a 10.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 52,720 shares of company stock worth $7,761,212. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ROST shares. Barclays raised their price objective on Ross Stores from $156.00 to $164.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Citigroup raised their price objective on Ross Stores from $146.00 to $171.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Jefferies Financial Group upgraded Ross Stores from a “hold” rating to a “buy” rating and raised their price objective for the stock from $135.00 to $150.00 in a research note on Wednesday, July 2nd. UBS Group lifted their price target on Ross Stores from $144.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Finally, Morgan Stanley lifted their price target on Ross Stores from $128.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, August 22nd. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and an average price target of $162.33.

Ross Stores Trading Up 0.1%

Shares of ROST opened at $156.75 on Friday. Ross Stores, Inc. has a 52-week low of $122.36 and a 52-week high of $158.69. The business’s fifty day moving average is $150.62 and its 200-day moving average is $142.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.98 and a current ratio of 1.58. The firm has a market cap of $50.98 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 3.01 and a beta of 1.18.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 21st. The apparel retailer reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.02. The business had revenue of $5.53 billion for the quarter, compared to analyst estimates of $5.54 billion. Ross Stores had a return on equity of 37.37% and a net margin of 9.60%.Ross Stores’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. Equities analysts anticipate that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were given a dividend of $0.405 per share. The ex-dividend date was Tuesday, September 9th. This represents a $1.62 dividend on an annualized basis and a yield of 1.0%. Ross Stores’s payout ratio is currently 25.71%.

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 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.