Johnson Financial Group Inc. maintained its position in Ross Stores, Inc. (NASDAQ:ROST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,570 shares of the apparel retailer’s stock at the end of the first quarter. Johnson Financial Group Inc.’s holdings in Ross Stores were worth $762,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America boosted its position in Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock valued at $101,000 after buying an additional 10 shares during the period. TrimTabs Asset Management LLC boosted its position in Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 776 shares during the period. Parallel Advisors LLC boosted its position in Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock valued at $111,000 after buying an additional 478 shares during the period. Nikko Asset Management Americas Inc. purchased a new position in Ross Stores during the first quarter valued at approximately $112,000. Finally, Advisory Services Network LLC purchased a new position in Ross Stores during the first quarter valued at approximately $171,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 56.70 on Tuesday. Ross Stores, Inc. has a 1-year low of $52.75 and a 1-year high of $69.81. The company’s 50-day moving average is $62.72 and its 200 day moving average is $65.46. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of 19.42 and a beta of 1.07.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.80 by $0.02. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Ross Stores’s revenue was up 7.0% on a year-over-year basis. On average, analysts expect that Ross Stores, Inc. will post $3.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, June 2nd. Ross Stores’s dividend payout ratio is 21.92%.
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Several research analysts have commented on ROST shares. Instinet upped their target price on shares of Ross Stores from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Jefferies Group LLC upped their target price on shares of Ross Stores from $59.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, March 1st. BMO Capital Markets restated a “hold” rating and issued a $72.00 target price on shares of Ross Stores in a research report on Tuesday, April 18th. Royal Bank Of Canada set a $70.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research report on Monday, April 3rd. Finally, Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. Ross Stores presently has a consensus rating of “Hold” and a consensus target price of $70.00.
In related news, Director Michael J. Bush sold 8,762 shares of Ross Stores stock in a transaction that occurred on Thursday, March 30th. The shares were sold at an average price of $66.51, for a total transaction of $582,760.62. Following the transaction, the director now owns 36,180 shares of the company’s stock, valued at approximately $2,406,331.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian R. Morrow sold 3,004 shares of Ross Stores stock in a transaction that occurred on Friday, April 7th. The stock was sold at an average price of $63.16, for a total transaction of $189,732.64. Following the transaction, the insider now directly owns 121,712 shares in the company, valued at approximately $7,687,329.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,896 shares of company stock valued at $1,792,393. 2.30% of the stock is owned by corporate insiders.
Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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