Nordea Investment Management AB boosted its position in Ross Stores Inc. (NASDAQ:ROST) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,748 shares of the apparel retailer’s stock after buying an additional 404 shares during the period. Nordea Investment Management AB’s holdings in Ross Stores were worth $1,141,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ROST. Huntington National Bank raised its stake in shares of Ross Stores by 55.7% in the third quarter. Huntington National Bank now owns 24,329 shares of the apparel retailer’s stock worth $1,565,000 after buying an additional 8,700 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of Ross Stores by 0.7% in the third quarter. Tocqueville Asset Management L.P. now owns 63,787 shares of the apparel retailer’s stock worth $4,102,000 after buying an additional 450 shares in the last quarter. APG Asset Management N.V. raised its stake in shares of Ross Stores by 52.6% in the third quarter. APG Asset Management N.V. now owns 1,020,894 shares of the apparel retailer’s stock worth $65,643,000 after buying an additional 351,700 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of Ross Stores by 17.2% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 19,810 shares of the apparel retailer’s stock worth $1,274,000 after buying an additional 2,910 shares in the last quarter. Finally, Capital One National Association raised its stake in shares of Ross Stores by 1.7% in the third quarter. Capital One National Association now owns 3,646 shares of the apparel retailer’s stock worth $234,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 88.94% of the company’s stock.
Ross Stores Inc. (NASDAQ:ROST) traded down 0.30% during trading on Friday, reaching $69.04. The company had a trading volume of 1,036,448 shares. The firm’s 50 day moving average price is $64.09 and its 200 day moving average price is $60.30. The firm has a market capitalization of $26.99 billion, a PE ratio of 25.38 and a beta of 0.94. Ross Stores Inc. has a 12-month low of $49.06 and a 12-month high of $69.81.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The business earned $3.10 billion during the quarter. During the same quarter last year, the business earned $0.53 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts forecast that Ross Stores Inc. will post $2.81 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be issued a $0.135 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $0.54 annualized dividend and a yield of 0.78%. Ross Stores’s dividend payout ratio (DPR) is presently 19.85%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. BMO Capital Markets reaffirmed a “hold” rating on shares of Ross Stores in a report on Saturday, November 19th. Cowen and Company set a $74.00 target price on Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 19th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $60.00 target price on shares of Ross Stores in a report on Friday, November 18th. Finally, Jefferies Group set a $59.00 target price on Ross Stores and gave the stock a “hold” rating in a report on Friday, November 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $67.39.
In other news, insider James S. Fassio sold 12,000 shares of Ross Stores stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total transaction of $760,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Barbara Rentler sold 20,000 shares of Ross Stores stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $62.54, for a total transaction of $1,250,800.00. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.
About Ross Stores
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.