Mackenzie Financial Corp Has $7.04 Million Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Mackenzie Financial Corp reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 48,411 shares of the apparel retailer’s stock after selling 72 shares during the period. Mackenzie Financial Corp’s holdings in Ross Stores were worth $7,035,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raleigh Capital Management Inc. lifted its position in shares of Ross Stores by 41.8% in the fourth quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 74 shares during the last quarter. Quotient Wealth Partners LLC boosted its position in Ross Stores by 4.0% during the second quarter. Quotient Wealth Partners LLC now owns 2,197 shares of the apparel retailer’s stock worth $319,000 after purchasing an additional 85 shares during the period. Checchi Capital Advisers LLC increased its holdings in shares of Ross Stores by 2.4% in the second quarter. Checchi Capital Advisers LLC now owns 3,673 shares of the apparel retailer’s stock valued at $534,000 after purchasing an additional 86 shares during the last quarter. Kintegral Advisory LLC raised its position in shares of Ross Stores by 3.0% in the second quarter. Kintegral Advisory LLC now owns 2,943 shares of the apparel retailer’s stock valued at $428,000 after purchasing an additional 87 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Ross Stores by 1.5% during the 2nd quarter. Parallel Advisors LLC now owns 5,929 shares of the apparel retailer’s stock worth $862,000 after buying an additional 87 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of NASDAQ:ROST opened at $150.51 on Tuesday. The firm has a 50 day moving average of $147.89 and a 200-day moving average of $143.29. Ross Stores, Inc. has a 12 month low of $110.02 and a 12 month high of $163.60. 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 market capitalization of $50.21 billion, a PE ratio of 25.38, a PEG ratio of 2.47 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.50 by $0.09. The business had revenue of $5.29 billion during the quarter, compared to the consensus estimate of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. On average, equities research analysts predict that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a $0.3675 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Tuesday, September 10th. Ross Stores’s dividend payout ratio is presently 24.79%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ROST shares. Barclays increased their price target on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Telsey Advisory Group increased their target price on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Bank of America lifted their price target on Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Loop Capital upped their price objective on Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Three investment 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $169.71.

Insiders Place Their Bets

In other news, Chairman Michael Balmuth sold 14,887 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the sale, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now owns 11,133 shares of the company’s stock, valued at approximately $1,694,665.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Barbara Rentler sold 48,885 shares of the firm’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 sale, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is currently owned by corporate insiders.

Ross Stores 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.