Today, Ross Stores Inc. (ROST) Stake Raised by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp

Today, Ross Stores Inc. (ROST) Stake Raised by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp
Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in Ross Stores Inc. (NASDAQ:ROST) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 58,600 shares of the apparel retailer’s stock after buying an additional 2,200 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Ross Stores were worth $3,768,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Dividend Assets Capital LLC raised its position in shares of Ross Stores by 11,841.5% in the second quarter. Dividend Assets Capital LLC now owns 892,030 shares of the apparel retailer’s stock valued at $50,569,000 after buying an additional 884,560 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Ross Stores by 2.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 643,096 shares of the apparel retailer’s stock valued at $36,457,000 after buying an additional 14,096 shares in the last quarter. Bristol Gate Capital Partners Inc. raised its position in shares of Ross Stores by 17.4% in the second quarter. Bristol Gate Capital Partners Inc. now owns 508,730 shares of the apparel retailer’s stock valued at $28,840,000 after buying an additional 75,398 shares in the last quarter. Cidel Asset Management Inc. raised its position in shares of Ross Stores by 2.9% in the second quarter. Cidel Asset Management Inc. now owns 201,723 shares of the apparel retailer’s stock valued at $11,436,000 after buying an additional 5,708 shares in the last quarter. Finally, Redwood Investments LLC raised its position in shares of Ross Stores by 3.8% in the second quarter. Redwood Investments LLC now owns 331,029 shares of the apparel retailer’s stock valued at $18,766,000 after buying an additional 12,142 shares in the last quarter. Hedge funds and other institutional investors own 88.94% of the company’s stock.

Shares of Ross Stores Inc. (NASDAQ:ROST) traded down 0.30% during mid-day trading on Friday, reaching $69.04. 1,036,448 shares of the company were exchanged. The firm has a market capitalization of $26.99 billion, a price-to-earnings 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. The company’s 50-day moving average is $64.09 and its 200 day moving average is $60.30.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The company had revenue of $3.10 billion for the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts predict that Ross Stores Inc. will post $2.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be paid a dividend of $0.135 per share. The ex-dividend date is Monday, December 5th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.78%. Ross Stores’s dividend payout ratio is currently 19.85%.

ROST has been the topic of several recent analyst reports. Bank of America Corp. set a $70.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a report on Monday, September 12th. Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Wedbush upped their price objective on shares of Ross Stores from $65.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, August 19th. Royal Bank Of Canada upped their price objective on shares of Ross Stores from $56.00 to $65.00 and gave the stock a “sector perform” rating in a report on Friday, August 19th. Finally, Citigroup Inc. upped their price objective on shares of Ross Stores from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $67.39.

In related news, insider James S. Fassio sold 12,000 shares of Ross Stores stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total value of $760,200.00. The sale was disclosed in a document filed 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 on Monday, September 19th. The stock was 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. Insiders own 2.40% of the company’s stock.

Ross Stores Company Profile

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.

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