Fisher Asset Management LLC decreased its stake in shares of Ross Stores Inc. (NASDAQ:ROST) by 13.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,533 shares of the apparel retailer’s stock after selling 26,326 shares during the period. Fisher Asset Management LLC’s holdings in Ross Stores were worth $10,837,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Evercore Wealth Management LLC raised its stake in Ross Stores by 29.1% in the second quarter. Evercore Wealth Management LLC now owns 1,929 shares of the apparel retailer’s stock valued at $109,000 after buying an additional 435 shares during the period. Advisory Services Network LLC raised its stake in Ross Stores by 166.1% in the third quarter. Advisory Services Network LLC now owns 2,549 shares of the apparel retailer’s stock valued at $164,000 after buying an additional 1,591 shares during the period. Carroll Financial Associates Inc. raised its stake in Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock valued at $147,000 after buying an additional 17 shares during the period. Independent Portfolio Consultants Inc. bought a new stake in Ross Stores during the second quarter valued at approximately $151,000. Finally, NN Investment Partners Holdings N.V. raised its stake in Ross Stores by 12.4% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,712 shares of the apparel retailer’s stock valued at $154,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 88.94% of the company’s stock.
Shares of 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. Ross Stores Inc. has a 12 month low of $50.42 and a 12 month high of $69.81. The firm has a market capitalization of $26.99 billion, a P/E ratio of 25.38 and a beta of 0.94. The firm’s 50 day moving average price is $64.09 and its 200 day moving average price is $60.30.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The firm earned $3.10 billion during the quarter. Ross Stores had a return on equity of 42.09% and a net margin of 8.58%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities analysts predict that Ross Stores Inc. will post $2.81 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.135 per share. This represents a $0.54 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, December 5th. Ross Stores’s payout ratio is 19.85%.
Several analysts recently commented on the company. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $64.00 target price on shares of Ross Stores in a report on Monday, August 1st. Buckingham Research raised Ross Stores from a “neutral” rating to a “buy” rating in a report on Thursday, August 25th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, November 22nd. Telsey Advisory Group raised their target price on Ross Stores from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Friday, November 18th. Finally, Royal Bank Of Canada raised their target price on Ross Stores from $65.00 to $68.00 and gave the stock a “sector perform” rating in a report on Friday, November 18th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $67.39.
In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregory L. Quesnel sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $64.39, for a total value of $1,030,240.00. Following the transaction, the director now owns 19,370 shares in the company, valued at approximately $1,247,234.30. The disclosure for this sale can be found here. Company 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.