Commerzbank Aktiengesellschaft FI Raises Position in Ross Stores, Inc. (NASDAQ:ROST)

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Commerzbank Aktiengesellschaft FI boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 33.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,786 shares of the apparel retailer’s stock after buying an additional 9,434 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Ross Stores were worth $4,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ROST. Price T Rowe Associates Inc. MD lifted its holdings in Ross Stores by 16.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 22,522,025 shares of the apparel retailer’s stock worth $2,232,384,000 after buying an additional 3,204,917 shares during the period. Nuveen Asset Management LLC lifted its holdings in Ross Stores by 516.3% in the second quarter. Nuveen Asset Management LLC now owns 2,449,268 shares of the apparel retailer’s stock worth $242,772,000 after buying an additional 2,051,862 shares during the period. Bessemer Group Inc. lifted its holdings in Ross Stores by 524.7% in the second quarter. Bessemer Group Inc. now owns 1,272,506 shares of the apparel retailer’s stock worth $126,132,000 after buying an additional 1,068,815 shares during the period. Morgan Stanley lifted its holdings in Ross Stores by 51.4% in the second quarter. Morgan Stanley now owns 1,689,543 shares of the apparel retailer’s stock worth $167,468,000 after buying an additional 573,749 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Ross Stores by 74.6% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,308,687 shares of the apparel retailer’s stock worth $129,717,000 after buying an additional 559,338 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

In related news, insider James S. Fassio sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $108.66, for a total value of $1,629,900.00. Also, CEO Barbara Rentler sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $107.06, for a total transaction of $2,676,500.00. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock valued at $7,056,650 in the last three months. 2.30% of the stock is owned by insiders.

Shares of ROST opened at $114.13 on Friday. The company has a market capitalization of $40.89 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 2.39 and a beta of 0.84. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $108.74 and a 200 day moving average of $102.36. Ross Stores, Inc. has a twelve month low of $75.91 and a twelve month high of $114.82.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.96 billion. Ross Stores had a net margin of 10.46% and a return on equity of 49.21%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.04 earnings per share. On average, sell-side analysts expect that Ross Stores, Inc. will post 4.5 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 12th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Wednesday, September 11th. Ross Stores’s dividend payout ratio (DPR) is currently 23.94%.

Several analysts have commented on ROST shares. Jefferies Financial Group set a $100.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a report on Friday, August 23rd. Bank of America set a $120.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research note on Friday, August 23rd. Robert W. Baird reaffirmed an “outperform” rating and set a $114.00 target price (up previously from $108.00) on shares of Ross Stores in a research note on Friday, August 23rd. Loop Capital raised shares of Ross Stores to a “buy” rating and set a $120.00 target price for the company in a research note on Friday, August 16th. Finally, Cowen set a $116.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $109.78.

Ross Stores Company Profile

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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

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