DekaBank Deutsche Girozentrale Grows Stock Position in Ross Stores, Inc. $ROST

DekaBank Deutsche Girozentrale increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 0.9% in the second quarter, Holdings Channel reports. The firm owned 602,273 shares of the apparel retailer’s stock after purchasing an additional 5,617 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ross Stores were worth $77,276,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC raised its position in Ross Stores by 50.7% during the 1st quarter. Golden State Wealth Management LLC now owns 217 shares of the apparel retailer’s stock worth $28,000 after buying an additional 73 shares during the last quarter. Bayforest Capital Ltd increased its stake in shares of Ross Stores by 372.5% in the first quarter. Bayforest Capital Ltd now owns 241 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 190 shares during the period. Banque Transatlantique SA purchased a new position in shares of Ross Stores during the first quarter worth $29,000. Tradewinds Capital Management LLC raised its holdings in shares of Ross Stores by 36.6% during the first quarter. Tradewinds Capital Management LLC now owns 280 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 75 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in Ross Stores during the second quarter valued at $38,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In other Ross Stores news, CMO Karen Fleming sold 2,932 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $149.09, for a total transaction of $437,131.88. Following the transaction, the chief marketing officer directly owned 88,335 shares of the company’s stock, valued at $13,169,865.15. This trade represents a 3.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen C. Brinkley sold 6,437 shares of Ross Stores stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $150.97, for a total transaction of $971,793.89. Following the completion of the sale, the insider owned 57,012 shares in the company, valued at approximately $8,607,101.64. This trade represents a 10.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,720 shares of company stock valued at $7,761,212. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ROST shares. Robert W. Baird increased their price target on Ross Stores from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, August 22nd. UBS Group raised their target price on Ross Stores from $144.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. JPMorgan Chase & Co. lifted their price target on Ross Stores from $156.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 22nd. Citigroup upped their price objective on Ross Stores from $146.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, October 13th. Finally, Barclays raised their price objective on shares of Ross Stores from $156.00 to $164.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.33.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $156.41 on Wednesday. The firm has a market cap of $50.87 billion, a PE ratio of 24.83, a P/E/G ratio of 3.03 and a beta of 1.18. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $158.69. The company has a quick ratio of 0.98, a current ratio of 1.58 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $150.12 and a 200 day moving average price of $142.18.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 21st. The apparel retailer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.54 by $0.02. The company 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 period last year, the company earned $1.59 earnings per share. Sell-side analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 9th were issued a $0.405 dividend. This represents a $1.62 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 9th. Ross Stores’s payout ratio is presently 25.71%.

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.