Ross Stores Inc. (ROST) Shares Sold by TD Asset Management Inc.
TD Asset Management Inc. reduced its stake in Ross Stores Inc. (NASDAQ:ROST) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 432,718 shares of the apparel retailer’s stock after selling 852 shares during the period. TD Asset Management Inc.’s holdings in Ross Stores were worth $27,824,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Ross Stores by 1.2% in the second quarter. Vanguard Group Inc. now owns 38,030,533 shares of the apparel retailer’s stock valued at $2,155,952,000 after buying an additional 464,766 shares during the period. FMR LLC increased its position in shares of Ross Stores by 5.4% in the second quarter. FMR LLC now owns 36,204,880 shares of the apparel retailer’s stock valued at $2,052,454,000 after buying an additional 1,852,111 shares during the period. Primecap Management Co. CA increased its position in shares of Ross Stores by 1.7% in the second quarter. Primecap Management Co. CA now owns 15,296,500 shares of the apparel retailer’s stock valued at $867,159,000 after buying an additional 259,700 shares during the period. BlackRock Fund Advisors increased its position in shares of Ross Stores by 3.0% in the second quarter. BlackRock Fund Advisors now owns 6,919,485 shares of the apparel retailer’s stock valued at $392,266,000 after buying an additional 199,563 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Ross Stores by 7.3% in the second quarter. JPMorgan Chase & Co. now owns 6,823,750 shares of the apparel retailer’s stock valued at $386,837,000 after buying an additional 465,106 shares during the period. Institutional investors own 87.68% of the company’s stock.
Shares of Ross Stores Inc. (NASDAQ:ROST) traded down 0.36% during trading on Wednesday, reaching $68.32. The company had a trading volume of 811,952 shares. Ross Stores Inc. has a 52 week low of $50.42 and a 52 week high of $69.81. The firm has a 50-day moving average of $64.21 and a 200 day moving average of $60.46. The firm has a market capitalization of $26.70 billion, a price-to-earnings ratio of 25.12 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.06. Ross Stores had a return on equity of 42.09% and a net margin of 8.58%. The business had revenue of $3.10 billion for the quarter. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that Ross Stores Inc. will post $2.81 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, December 7th will be given a $0.135 dividend. The ex-dividend date is Monday, December 5th. This represents a $0.54 annualized dividend and a dividend yield of 0.79%. Ross Stores’s dividend payout ratio is currently 19.85%.
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ROST has been the topic of several recent research reports. Goldman Sachs Group Inc. upped their price objective on Ross Stores from $64.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, August 19th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, September 27th. Guggenheim restated a “buy” rating and issued a $70.00 price objective on shares of Ross Stores in a research report on Friday, September 30th. Jefferies Group restated a “hold” rating and issued a $57.00 price objective (up previously from $51.00) on shares of Ross Stores in a research report on Friday, August 19th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $60.00 price objective on shares of Ross Stores in a research report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Ross Stores has a consensus rating of “Hold” and a consensus target price of $67.39.
In related news, CEO Barbara Rentler sold 12,840 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $63.76, for a total value of $818,678.40. Following the completion of the transaction, the chief executive officer now directly owns 542,851 shares in the company, valued at $34,612,179.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James S. Fassio sold 12,000 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $63.35, for a total value of $760,200.00. The disclosure for this sale can be found here. 2.40% of the stock is owned by insiders.
Ross Stores Company Profile
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.
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