Ross Stores, Inc. (NASDAQ:ROST) Shares Bought by Renaissance Group LLC

Renaissance Group LLC increased its position in Ross Stores, Inc. (NASDAQ:ROST) by 7.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 483,095 shares of the apparel retailer’s stock after purchasing an additional 32,651 shares during the quarter. Renaissance Group LLC owned approximately 0.13% of Ross Stores worth $31,193,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Flossbach Von Storch AG increased its holdings in shares of Ross Stores by 7,335.3% during the second quarter. Flossbach Von Storch AG now owns 5,000,270 shares of the apparel retailer’s stock worth $288,666,000 after purchasing an additional 4,933,020 shares during the period. Janus Henderson Group PLC boosted its position in shares of Ross Stores by 3,501.6% during the 2nd quarter. Janus Henderson Group PLC now owns 1,942,654 shares of the apparel retailer’s stock worth $112,149,000 after acquiring an additional 1,888,715 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Ross Stores by 68.4% during the 2nd quarter. Alliancebernstein L.P. now owns 4,604,774 shares of the apparel retailer’s stock worth $265,834,000 after acquiring an additional 1,870,314 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Ross Stores by 393.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,573,128 shares of the apparel retailer’s stock worth $90,817,000 after acquiring an additional 1,254,028 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Ross Stores by 13.1% during the 3rd quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock worth $473,476,000 after acquiring an additional 849,789 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors.

Ross Stores, Inc. (ROST) opened at $76.79 on Thursday. Ross Stores, Inc. has a twelve month low of $52.85 and a twelve month high of $78.81. The firm has a market cap of $30,080.04, a PE ratio of 24.92, a P/E/G ratio of 2.38 and a beta of 1.16. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the company earned $0.62 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. analysts predict that Ross Stores, Inc. will post 3.28 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 30th. Ross Stores’s dividend payout ratio (DPR) is presently 20.45%.

Several research firms recently issued reports on ROST. Jefferies Group set a $66.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a research report on Saturday, November 18th. Cowen set a $78.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research report on Saturday, November 18th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. SunTrust Banks set a $80.00 target price on shares of Ross Stores and gave the company a “buy” rating in a research report on Friday, November 17th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $70.00 target price (up previously from $62.00) on shares of Ross Stores in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $73.71.

In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Brian R. Morrow sold 6,157 shares of the business’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

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About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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

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