Versor Investments LP Sells 3,047 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Versor Investments LP decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 37.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,984 shares of the apparel retailer’s stock after selling 3,047 shares during the period. Versor Investments LP’s holdings in Ross Stores were worth $724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Riverview Trust Co purchased a new stake in Ross Stores during the 1st quarter valued at $26,000. Rise Advisors LLC bought a new position in shares of Ross Stores during the first quarter valued at about $27,000. SJS Investment Consulting Inc. boosted its holdings in shares of Ross Stores by 262.1% during the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 152 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in shares of Ross Stores in the second quarter worth about $32,000. Finally, Raleigh Capital Management Inc. increased its holdings in Ross Stores by 41.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after purchasing an additional 74 shares during the period. Institutional investors own 86.86% of the company’s stock.

Insider Activity at Ross Stores

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the sale, the chief executive officer now directly owns 311,853 shares in the company, valued at approximately $48,003,532.29. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Morgan Stanley raised their price target on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Bank of America boosted their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Loop Capital raised their target price on shares of Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, Guggenheim lifted their target price on shares of Ross Stores from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, May 24th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus price target of $169.71.

Ross Stores Stock Up 0.7 %

Shares of NASDAQ:ROST opened at $151.68 on Wednesday. The company has a current ratio of 1.56, a quick ratio of 1.05 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $145.80 and a two-hundred day simple moving average of $142.66. Ross Stores, Inc. has a 12-month low of $108.35 and a 12-month high of $163.60. The stock has a market capitalization of $50.60 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.44 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. Ross Stores’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, research analysts anticipate that Ross Stores, Inc. will post 6.21 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $0.3675 per share. This represents a $1.47 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Tuesday, September 10th. Ross Stores’s payout ratio is 24.79%.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores for households with moderate income.