1,332 Shares in Ross Stores, Inc. (NASDAQ:ROST) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,332 shares of the apparel retailer’s stock, valued at approximately $200,000.

A number of other hedge funds also recently added to or reduced their stakes in ROST. PGGM Investments boosted its stake in Ross Stores by 724.1% during the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock valued at $3,611,000 after purchasing an additional 21,833 shares during the period. Diversified Trust Co boosted its position in shares of Ross Stores by 47.5% during the second quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock worth $1,907,000 after buying an additional 4,228 shares during the period. Janus Henderson Group PLC boosted its position in shares of Ross Stores by 42.1% during the first quarter. Janus Henderson Group PLC now owns 63,105 shares of the apparel retailer’s stock worth $9,260,000 after buying an additional 18,685 shares during the period. Algert Global LLC grew its holdings in Ross Stores by 917.2% in the 3rd quarter. Algert Global LLC now owns 29,498 shares of the apparel retailer’s stock worth $4,440,000 after buying an additional 26,598 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Ross Stores by 10.3% in the 2nd quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock valued at $397,747,000 after acquiring an additional 254,720 shares during the period. 86.86% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ROST. Telsey Advisory Group reissued a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Morgan Stanley lifted their target price on Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Wells Fargo & Company cut their price target on shares of Ross Stores from $175.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Finally, Loop Capital lifted their price objective on shares of Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Five research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.69.

Insider Transactions at Ross Stores

In other Ross Stores news, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $152.22, for a total value of $2,266,099.14. Following the transaction, the chairman now owns 11,133 shares in the company, valued at $1,694,665.26. The trade was a 57.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the completion of the transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.10% of the stock is owned by insiders.

Ross Stores Trading Up 0.7 %

Ross Stores stock opened at $154.38 on Wednesday. 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 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The firm has a market capitalization of $51.22 billion, a price-to-earnings ratio of 24.31, a P/E/G ratio of 2.54 and a beta of 1.09. The company has a 50 day moving average price of $145.22 and a 200 day moving average price of $144.98.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. Ross Stores’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. Research analysts forecast that Ross Stores, Inc. will post 6.15 EPS for the current year.

Ross Stores Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.95%. Ross Stores’s dividend payout ratio is 23.15%.

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.