OxFORD Asset Management LLP Has $3.20 Million Holdings in Ross Stores, Inc. (ROST)

OxFORD Asset Management LLP cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 52.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,484 shares of the apparel retailer’s stock after selling 55,047 shares during the quarter. OxFORD Asset Management LLP’s holdings in Ross Stores were worth $3,200,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Ross Stores by 82.6% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 34,040 shares of the apparel retailer’s stock valued at $2,198,000 after buying an additional 15,401 shares in the last quarter. KBC Group NV increased its position in shares of Ross Stores by 2.4% during the third quarter. KBC Group NV now owns 236,023 shares of the apparel retailer’s stock worth $15,240,000 after purchasing an additional 5,600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ross Stores by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,135,198 shares of the apparel retailer’s stock worth $73,301,000 after purchasing an additional 16,397 shares in the last quarter. Brown Advisory Inc. increased its position in shares of Ross Stores by 627.2% during the third quarter. Brown Advisory Inc. now owns 86,272 shares of the apparel retailer’s stock worth $5,571,000 after purchasing an additional 74,409 shares in the last quarter. Finally, BB&T Securities LLC increased its position in shares of Ross Stores by 832.1% during the third quarter. BB&T Securities LLC now owns 78,088 shares of the apparel retailer’s stock worth $5,042,000 after purchasing an additional 69,710 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

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

Several analysts recently commented on the company. Cowen set a $78.00 price target on Ross Stores and gave the stock a “buy” rating in a research report on Saturday, November 18th. Jefferies Group set a $66.00 price target on Ross Stores and gave the stock a “hold” rating in a research report on Saturday, November 18th. Buckingham Research boosted their price target on Ross Stores from $71.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, November 17th. BMO Capital Markets boosted their price target on Ross Stores from $65.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, November 17th. Finally, Nomura set a $80.00 price target on Ross Stores and gave the stock a “buy” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $73.71.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $76.89 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $29,383.21, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 2.34 and a beta of 1.16. Ross Stores, Inc. has a twelve month low of $52.85 and a twelve month high of $78.81.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.83%. The ex-dividend date is Thursday, November 30th. Ross Stores’s payout ratio is currently 20.45%.

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Ross Stores Company Profile

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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