Ross Stores, Inc. (NASDAQ:ROST) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 611,548 shares of the apparel retailer’s stock after purchasing an additional 14,892 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Ross Stores were worth $89,103,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Riverview Trust Co acquired a new position in Ross Stores in the first quarter valued at $26,000. Rise Advisors LLC acquired a new position in Ross Stores in the first quarter valued at $27,000. SJS Investment Consulting Inc. lifted its holdings in shares of Ross Stores by 262.1% during the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after purchasing an additional 152 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in Ross Stores in the 2nd quarter valued at $32,000. Finally, Raleigh Capital Management Inc. increased its stake in Ross Stores by 41.8% in the 4th quarter. Raleigh Capital Management Inc. now owns 251 shares of the apparel retailer’s stock valued at $35,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insider Transactions at Ross Stores

In other news, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction that occurred on 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 completion of the transaction, the chairman now owns 11,133 shares in the company, valued at approximately $1,694,665.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Ross Stores news, CEO Barbara Rentler sold 48,885 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the transaction, the chief executive officer now owns 311,853 shares in the company, valued at approximately $48,003,532.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,694,665.26. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $155.25 on Friday. 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 one year low of $108.35 and a one year high of $163.60. The business’s 50-day simple moving average is $146.85 and its 200 day simple moving average is $143.04. The company has a market cap of $51.79 billion, a P/E ratio of 26.18, a PEG ratio of 2.46 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.09. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the previous year, the business earned $1.32 EPS. Ross Stores’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, sell-side analysts forecast that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $0.3675 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 0.95%. Ross Stores’s payout ratio is 24.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a research note on Friday, August 23rd. TD Cowen upped their price target 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. Evercore ISI upped their price target on shares of Ross Stores from $155.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Telsey Advisory Group upped their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Finally, StockNews.com raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $169.71.

About Ross Stores

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.