Kerusso Capital Management LLC Has $2.19 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Kerusso Capital Management LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,526 shares of the apparel retailer’s stock after buying an additional 881 shares during the period. Kerusso Capital Management LLC’s holdings in Ross Stores were worth $2,186,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PGGM Investments lifted its holdings in Ross Stores by 724.1% in the second quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock valued at $3,611,000 after buying an additional 21,833 shares during the period. Canada Pension Plan Investment Board lifted its holdings in Ross Stores by 140.2% in the first quarter. Canada Pension Plan Investment Board now owns 464,062 shares of the apparel retailer’s stock valued at $68,106,000 after buying an additional 270,844 shares during the period. Diversified Trust Co lifted its holdings in Ross Stores by 47.5% in the second quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock valued at $1,907,000 after buying an additional 4,228 shares during the period. TD Asset Management Inc lifted its holdings in Ross Stores by 8.1% in the first quarter. TD Asset Management Inc now owns 547,710 shares of the apparel retailer’s stock valued at $80,382,000 after buying an additional 41,204 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in Ross Stores by 19.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 30,919 shares of the apparel retailer’s stock valued at $4,538,000 after purchasing an additional 4,992 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Up 1.0 %

NASDAQ:ROST opened at $143.40 on Friday. The firm has a market cap of $47.57 billion, a P/E ratio of 23.13, a P/E/G ratio of 2.25 and a beta of 1.09. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56. Ross Stores, Inc. has a fifty-two week low of $119.73 and a fifty-two week high of $163.60. The firm has a 50-day simple moving average of $147.21 and a two-hundred day simple moving average of $143.80.

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

Ross Stores Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were paid a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 1.03%. Ross Stores’s dividend payout ratio is presently 23.71%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROST shares. Robert W. Baird lifted their price target on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Wells Fargo & Company boosted their target price on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Morgan Stanley upped their price objective on shares of Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Barclays boosted their target price on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Finally, TD Cowen increased their target price on shares of Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price of $171.88.

Insider Transactions at Ross Stores

In other news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the sale, the chief executive officer now directly owns 311,853 shares in the company, valued at $48,003,532.29. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Michael J. Hartshorn sold 8,366 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the completion of the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Barbara Rentler sold 48,885 shares of the business’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 sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock worth $11,093,051 over the last three months. 2.10% of the stock is currently owned by company insiders.

Ross Stores Company 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.