Banque Cantonale Vaudoise Makes New $59,000 Investment in Ross Stores, Inc. (NASDAQ:ROST)

Banque Cantonale Vaudoise acquired a new stake in Ross Stores, Inc. (NASDAQ:ROSTFree Report) during the third quarter, Holdings Channel reports. The institutional investor acquired 392 shares of the apparel retailer’s stock, valued at approximately $59,000.

A number of other institutional investors have also made changes to their positions in the business. Los Angeles Capital Management LLC increased its stake in Ross Stores by 68.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock valued at $347,585,000 after buying an additional 975,190 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Ross Stores by 59.4% in the second quarter. AQR Capital Management LLC now owns 1,261,102 shares of the apparel retailer’s stock valued at $183,263,000 after acquiring an additional 469,717 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Ross Stores by 27.8% during the second quarter. Principal Financial Group Inc. now owns 1,814,440 shares of the apparel retailer’s stock worth $263,675,000 after acquiring an additional 394,774 shares in the last quarter. 1832 Asset Management L.P. boosted its position in Ross Stores by 24.2% during the second quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock valued at $291,734,000 after purchasing an additional 390,518 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Ross Stores by 11.7% in the second quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer’s stock valued at $481,062,000 after purchasing an additional 347,006 shares in the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

NASDAQ:ROST opened at $146.09 on Friday. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. The firm’s 50-day simple moving average is $145.14 and its 200 day simple moving average is $144.62. The firm has a market cap of $48.47 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 2.40 and a beta of 1.09.

Ross Stores (NASDAQ:ROSTGet Free Report) last announced its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 42.42%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the business posted $1.33 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that Ross Stores, Inc. will post 6.1 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.3675 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.47 annualized dividend and a yield of 1.01%. Ross Stores’s dividend payout ratio is presently 23.15%.

Insider Activity

In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the transaction, the chief executive officer now directly owns 311,853 shares in the company, valued at $48,003,532.29. The trade was a 13.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. This represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ROST has been the subject of several recent analyst reports. Morgan Stanley increased their price objective on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday. Barclays boosted their price objective on shares of Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a research note on Friday, August 23rd. Robert W. Baird raised their target price on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, UBS Group boosted their price target on Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.69.

Check Out Our Latest Stock Analysis on Ross Stores

Ross Stores Company Profile

(Free Report)

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.

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

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