Candriam Luxembourg S.C.A. decreased its position in Ross Stores Inc. (NASDAQ:ROST) by 63.9% during the second quarter, Holdings Channel reports. The fund owned 25,429 shares of the apparel retailer’s stock after selling 44,991 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Ross Stores were worth $1,442,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of ROST. NN Investment Partners Holdings N.V. purchased a new position in Ross Stores during the first quarter worth about $140,000. Carroll Financial Associates Inc. increased its position 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 worth $147,000 after buying an additional 17 shares during the last quarter. Independent Portfolio Consultants Inc. purchased a new position in Ross Stores during the second quarter worth about $151,000. Citizens Financial Group Inc RI increased its position in Ross Stores by 51.6% in the first quarter. Citizens Financial Group Inc RI now owns 2,737 shares of the apparel retailer’s stock worth $159,000 after buying an additional 931 shares during the last quarter. Finally, Springbok Capital Management LLC purchased a new position in Ross Stores during the first quarter worth about $160,000. 90.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ross Stores Inc. (NASDAQ:ROST) traded up 0.05% during mid-day trading on Tuesday, reaching $64.26. The company’s stock had a trading volume of 1,597,497 shares. Ross Stores Inc. has a 1-year low of $43.47 and a 1-year high of $66.28. The company has a market capitalization of $25.48 billion, a price-to-earnings ratio of 24.46 and a beta of 0.94. The company’s 50 day moving average price is $63.03 and its 200-day moving average price is $58.56.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The firm earned $3.18 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ross Stores had a return on equity of 42.01% and a net margin of 8.55%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.63 EPS. Analysts predict that Ross Stores Inc. will post $2.75 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 2nd were given a $0.135 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.84%. Ross Stores’s dividend payout ratio (DPR) is presently 20.53%.
A number of research firms have recently issued reports on ROST. Jefferies Group reissued a “hold” rating on shares of Ross Stores in a research report on Thursday, July 14th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $64.00 price objective on shares of Ross Stores in a research report on Monday, August 1st. Buckingham Research raised Ross Stores from a “neutral” rating to a “buy” rating in a research report on Thursday, August 25th. Cowen and Company raised their price objective on Ross Stores from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, July 13th. Finally, Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $65.29.
In related news, insider James S. Fassio sold 12,000 shares of the company’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $63.35, for a total value of $760,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Orban sold 56,000 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $57.52, for a total value of $3,221,120.00. Following the completion of the sale, the director now directly owns 506,750 shares of the company’s stock, valued at $29,148,260. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
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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