Legacy Private Trust Co. Takes Position in Ross Stores, Inc. (ROST)

Legacy Private Trust Co. acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,000 shares of the apparel retailer’s stock, valued at approximately $241,000.

Several other large investors have also recently bought and sold shares of ROST. Acrospire Investment Management LLC boosted its stake in shares of Ross Stores by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after purchasing an additional 1,000 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Ross Stores by 54.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 73,780 shares of the apparel retailer’s stock valued at $4,259,000 after purchasing an additional 26,099 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Ross Stores by 40.1% in the 2nd quarter. Rafferty Asset Management LLC now owns 23,805 shares of the apparel retailer’s stock valued at $1,374,000 after purchasing an additional 6,809 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Ross Stores by 164.3% in the 2nd quarter. GSA Capital Partners LLP now owns 38,760 shares of the apparel retailer’s stock valued at $2,238,000 after purchasing an additional 24,095 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Ross Stores by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock valued at $2,086,753,000 after purchasing an additional 686,186 shares during the last quarter. 91.44% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on ROST shares. Morgan Stanley increased their target price on shares of Ross Stores from $70.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. Telsey Advisory Group increased their target price on shares of Ross Stores from $70.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, November 17th. BidaskClub raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Jefferies Group set a $66.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research note on Saturday, November 18th. Finally, Royal Bank of Canada set a $62.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research note on Monday, October 30th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Ross Stores currently has a consensus rating of “Buy” and an average target price of $74.19.

Ross Stores, Inc. (ROST) opened at $81.30 on Thursday. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $84.26. The firm has a market cap of $31,070.00, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 2.46 and a beta of 1.14. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. equities research analysts anticipate that Ross Stores, Inc. will post 3.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend was Thursday, November 30th. Ross Stores’s dividend payout ratio (DPR) is 20.45%.

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Ross Stores Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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

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