Ross Stores, Inc. (ROST) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 20.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,368 shares of the apparel retailer’s stock after selling 2,900 shares during the period. Optimum Investment Advisors’ holdings in Ross Stores were worth $734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ROST. Herndon Capital Management LLC grew its position in shares of Ross Stores by 85.6% during the 2nd quarter. Herndon Capital Management LLC now owns 202,917 shares of the apparel retailer’s stock worth $11,715,000 after buying an additional 93,559 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of Ross Stores during the 3rd quarter worth $646,000. Hendershot Investments Inc. grew its position in shares of Ross Stores by 104.8% during the 3rd quarter. Hendershot Investments Inc. now owns 31,927 shares of the apparel retailer’s stock worth $2,062,000 after buying an additional 16,340 shares in the last quarter. Andra AP fonden grew its position in shares of Ross Stores by 8.5% during the 3rd quarter. Andra AP fonden now owns 105,100 shares of the apparel retailer’s stock worth $6,786,000 after buying an additional 8,200 shares in the last quarter. Finally, PGGM Investments grew its position in shares of Ross Stores by 47.8% during the 3rd quarter. PGGM Investments now owns 720,055 shares of the apparel retailer’s stock worth $46,494,000 after buying an additional 232,899 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores, Inc. (NASDAQ:ROST) traded down $0.36 during trading on Friday, reaching $80.25. The company had a trading volume of 1,758,151 shares, compared to its average volume of 2,163,849. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $81.48. The firm has a market capitalization of $30,804.79, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 2.46 and a beta of 1.16.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $0.62 earnings per share. Ross Stores’s quarterly revenue was up 7.8% compared to the same quarter last year. sell-side analysts anticipate that Ross Stores, Inc. will post 3.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, November 30th. Ross Stores’s payout ratio is currently 20.45%.

ROST has been the subject of a number of analyst reports. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research note on Thursday, September 14th. Bank of America restated a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a research note on Monday, September 25th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. SunTrust Banks set a $80.00 price target on Ross Stores and gave the company a “buy” rating in a research note on Friday, November 17th. Finally, Nomura set a $80.00 price target on Ross Stores and gave the company a “buy” rating in a research note on Friday, November 17th. Nine analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $73.71.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company 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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