Nomura Holdings Inc. Acquires Shares of 141,701 Ross Stores, Inc. (NASDAQ:ROST)

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Nomura Holdings Inc. purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 141,701 shares of the apparel retailer’s stock, valued at approximately $15,489,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of 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 valued at $2,232,384,000 after acquiring an additional 3,204,917 shares in the last quarter. Invesco Ltd. grew its stake in shares of Ross Stores by 1.9% in the second quarter. Invesco Ltd. now owns 6,308,912 shares of the apparel retailer’s stock valued at $625,339,000 after acquiring an additional 119,001 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Ross Stores by 2.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,228,436 shares of the apparel retailer’s stock valued at $684,193,000 after acquiring an additional 138,267 shares in the last quarter. Northern Trust Corp grew its stake in shares of Ross Stores by 0.4% in the second quarter. Northern Trust Corp now owns 4,848,687 shares of the apparel retailer’s stock valued at $480,602,000 after acquiring an additional 20,027 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Ross Stores by 18.6% in the second quarter. California Public Employees Retirement System now owns 2,858,497 shares of the apparel retailer’s stock valued at $283,334,000 after acquiring an additional 447,581 shares in the last quarter. Institutional investors and hedge funds own 87.25% of the company’s stock.

ROST has been the topic of several research reports. Wells Fargo & Co upped their price target on shares of Ross Stores from $116.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. They noted that the move was a valuation call. Nomura assumed coverage on shares of Ross Stores in a research note on Thursday, November 7th. They set a “neutral” rating and a $110.00 price objective on the stock. Telsey Advisory Group increased their price objective on shares of Ross Stores from $112.00 to $118.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Cowen set a $116.00 price objective on shares of Ross Stores and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Barclays assumed coverage on shares of Ross Stores in a research note on Tuesday, November 12th. They set an “overweight” rating and a $124.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $114.50.

Ross Stores stock traded up $1.56 during trading hours on Thursday, reaching $116.41. 110,178 shares of the stock were exchanged, compared to its average volume of 1,962,427. The company has a market cap of $41.62 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.40 and a beta of 0.81. The company has a current ratio of 1.26, a quick ratio of 0.50 and a debt-to-equity ratio of 0.89. Ross Stores, Inc. has a twelve month low of $75.91 and a twelve month high of $117.58. The stock has a 50 day moving average of $112.60 and a two-hundred day moving average of $106.43.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.06. The firm had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.77 billion. Ross Stores had a net margin of 10.47% and a return on equity of 49.88%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts expect that Ross Stores, Inc. will post 4.57 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 6th will be issued a $0.255 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 0.88%. Ross Stores’s dividend payout ratio (DPR) is currently 23.94%.

In other news, CEO Barbara Rentler sold 25,000 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $110.01, for a total value of $2,750,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James S. Fassio sold 15,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $108.66, for a total transaction of $1,629,900.00. 2.30% of the stock is currently owned by corporate insiders.

About Ross Stores

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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