Amalgamated Bank reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,212 shares of the apparel retailer’s stock after selling 1,801 shares during the quarter. Amalgamated Bank’s holdings in Ross Stores were worth $5,571,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROST. Oregon Public Employees Retirement Fund raised its holdings in shares of Ross Stores by 0.8% during the third quarter. Oregon Public Employees Retirement Fund now owns 167,409 shares of the apparel retailer’s stock valued at $16,590,000 after acquiring an additional 1,260 shares during the period. Bradley Foster & Sargent Inc. CT raised its holdings in shares of Ross Stores by 29.4% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 23,996 shares of the apparel retailer’s stock valued at $2,378,000 after acquiring an additional 5,452 shares during the period. Calamos Advisors LLC raised its holdings in shares of Ross Stores by 132.2% during the third quarter. Calamos Advisors LLC now owns 70,689 shares of the apparel retailer’s stock valued at $7,005,000 after acquiring an additional 40,241 shares during the period. Personal Capital Advisors Corp raised its holdings in shares of Ross Stores by 45.3% during the third quarter. Personal Capital Advisors Corp now owns 12,320 shares of the apparel retailer’s stock valued at $1,221,000 after acquiring an additional 3,840 shares during the period. Finally, Spectrum Management Group Inc. acquired a new stake in shares of Ross Stores during the third quarter valued at approximately $801,000. Institutional investors and hedge funds own 87.90% of the company’s stock.
ROST stock opened at $78.34 on Monday. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $29.25 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. Ross Stores, Inc. has a 12 month low of $73.76 and a 12 month high of $104.35.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 7th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, December 6th. Ross Stores’s dividend payout ratio is 26.95%.
A number of research firms have recently issued reports on ROST. Bank of America boosted their price target on shares of Ross Stores from $105.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, November 14th. BidaskClub downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Barclays initiated coverage on shares of Ross Stores in a research report on Tuesday, September 11th. They set an “equal weight” rating and a $106.00 price objective on the stock. Zacks Investment Research reaffirmed a “buy” rating and set a $113.00 price objective on shares of Ross Stores in a research report on Thursday, November 15th. Finally, DA Davidson initiated coverage on shares of Ross Stores in a research report on Tuesday, September 25th. They set a “neutral” rating and a $96.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eighteen have assigned a buy rating to the stock. Ross Stores currently has a consensus rating of “Buy” and a consensus price target of $96.12.
In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of $95.15, for a total value of $1,903,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.
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 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.
See Also: 52-Week High/Low
Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.