DekaBank Deutsche Girozentrale lifted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 346,019 shares of the apparel retailer’s stock after buying an additional 11,335 shares during the period. DekaBank Deutsche Girozentrale owned about 0.09% of Ross Stores worth $33,017,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Advisory Services Network LLC boosted its position in shares of Ross Stores by 9.0% in the third quarter. Advisory Services Network LLC now owns 6,441 shares of the apparel retailer’s stock worth $638,000 after buying an additional 533 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Ross Stores by 8.2% in the third quarter. Stratos Wealth Partners LTD. now owns 7,516 shares of the apparel retailer’s stock worth $745,000 after buying an additional 570 shares during the period. Keybank National Association OH boosted its position in shares of Ross Stores by 2.3% in the second quarter. Keybank National Association OH now owns 25,137 shares of the apparel retailer’s stock worth $2,130,000 after buying an additional 577 shares during the period. CIBC World Markets Inc. boosted its position in shares of Ross Stores by 2.2% in the third quarter. CIBC World Markets Inc. now owns 28,430 shares of the apparel retailer’s stock worth $2,817,000 after buying an additional 617 shares during the period. Finally, Sather Financial Group Inc boosted its position in shares of Ross Stores by 0.3% in the second quarter. Sather Financial Group Inc now owns 197,968 shares of the apparel retailer’s stock worth $16,778,000 after buying an additional 658 shares during the period. 88.44% of the stock is owned by institutional investors and hedge funds.
NASDAQ ROST opened at $81.63 on Friday. Ross Stores, Inc. has a fifty-two week low of $70.84 and a fifty-two week high of $104.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.61. The stock has a market cap of $30.48 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 1.94 and a beta of 0.98.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 7th will be paid a $0.225 dividend. The ex-dividend date is Thursday, December 6th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.10%. Ross Stores’s payout ratio is presently 26.95%.
Several analysts have recently commented on the company. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays set a $99.00 price objective on Ross Stores and gave the company a “hold” rating in a research report on Wednesday. DA Davidson reduced their price objective on Ross Stores to $84.00 and set an “average” rating for the company in a research report on Wednesday. Citigroup reduced their price objective on Ross Stores from $98.00 to $88.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, MKM Partners reduced their price objective on Ross Stores from $98.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and a consensus target price of $96.12.
In other news, Director Norman A. Ferber sold 10,144 shares of Ross Stores stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $94.90, for a total value of $962,665.60. Following the transaction, the director now directly owns 25,127 shares in the company, valued at $2,384,552.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Barbara Rentler sold 20,000 shares of Ross Stores stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $95.15, for a total value of $1,903,000.00. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
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About Ross Stores
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 in the United States. It 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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