Mason Street Advisors LLC Sells 446 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Mason Street Advisors LLC trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 0.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,957 shares of the apparel retailer’s stock after selling 446 shares during the period. Mason Street Advisors LLC’s holdings in Ross Stores were worth $5,707,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. lifted its position in shares of Ross Stores by 4.8% during the third quarter. Penobscot Investment Management Company Inc. now owns 18,467 shares of the apparel retailer’s stock valued at $2,029,000 after purchasing an additional 840 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Ross Stores during the third quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of Ross Stores by 62.3% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 20,001 shares of the apparel retailer’s stock valued at $2,197,000 after purchasing an additional 7,679 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Ross Stores by 12.3% during the third quarter. Benjamin Edwards Inc. now owns 984 shares of the apparel retailer’s stock valued at $108,000 after purchasing an additional 108 shares in the last quarter. Finally, Gamble Jones Investment Counsel lifted its position in shares of Ross Stores by 0.7% during the third quarter. Gamble Jones Investment Counsel now owns 22,197 shares of the apparel retailer’s stock valued at $2,438,000 after purchasing an additional 158 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ ROST traded down $1.14 during trading hours on Tuesday, reaching $111.04. 60,585 shares of the company were exchanged, compared to its average volume of 1,548,385. Ross Stores, Inc. has a 1 year low of $75.91 and a 1 year high of $114.82. The business’s 50 day simple moving average is $110.34 and its 200-day simple moving average is $103.91. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $40.45 billion, a P/E ratio of 26.07, a P/E/G ratio of 2.37 and a beta of 0.83.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 22nd. The apparel retailer reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. Ross Stores had a net margin of 10.46% and a return on equity of 49.21%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. As a group, sell-side analysts anticipate that Ross Stores, Inc. will post 4.5 earnings per share for the current year.

In other news, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total value of $1,629,900.00. Also, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $110.01, for a total transaction of $2,750,250.00. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $7,056,650 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

A number of research analysts recently weighed in on the stock. Robert W. Baird reissued an “outperform” rating and set a $114.00 price target (up from $108.00) on shares of Ross Stores in a research report on Friday, August 23rd. Morgan Stanley raised their price target on shares of Ross Stores from $94.00 to $104.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Telsey Advisory Group raised their price objective on shares of Ross Stores from $103.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, October 11th. Cowen set a $116.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Co raised their price objective on shares of Ross Stores from $104.00 to $116.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Ross Stores presently has a consensus rating of “Buy” and a consensus target price of $111.11.

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. Its stores 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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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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