HRT Financial LLC Takes $465,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

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HRT Financial LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,498 shares of the apparel retailer’s stock, valued at approximately $465,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Schroder Investment Management Group raised its holdings in Ross Stores by 29.3% during the 2nd quarter. Schroder Investment Management Group now owns 399,256 shares of the apparel retailer’s stock worth $33,976,000 after purchasing an additional 90,481 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Ross Stores by 81.5% during the 2nd quarter. SRS Capital Advisors Inc. now owns 1,875 shares of the apparel retailer’s stock worth $158,000 after purchasing an additional 842 shares during the last quarter. Global X Management Co LLC raised its holdings in Ross Stores by 191.1% during the 2nd quarter. Global X Management Co LLC now owns 9,542 shares of the apparel retailer’s stock worth $809,000 after purchasing an additional 6,264 shares during the last quarter. California Public Employees Retirement System raised its holdings in Ross Stores by 30.9% during the 2nd quarter. California Public Employees Retirement System now owns 1,256,946 shares of the apparel retailer’s stock worth $106,526,000 after purchasing an additional 296,550 shares during the last quarter. Finally, BTC Capital Management Inc. raised its holdings in Ross Stores by 9.9% during the 2nd quarter. BTC Capital Management Inc. now owns 49,417 shares of the apparel retailer’s stock worth $4,183,000 after purchasing an additional 4,456 shares during the last quarter. Hedge funds and other institutional investors own 88.24% of the company’s stock.

In related news, Director Norman A. Ferber sold 10,144 shares of Ross Stores stock in a transaction on Monday, August 27th. The shares were sold at an average price of $94.90, for a total value of $962,665.60. Following the completion of the sale, the director now owns 25,127 shares of the company’s stock, valued at approximately $2,384,552.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

NASDAQ ROST traded up $1.55 during mid-day trading on Friday, hitting $95.87. The company’s stock had a trading volume of 2,986,232 shares, compared to its average volume of 2,705,214. Ross Stores, Inc. has a twelve month low of $62.34 and a twelve month high of $100.58. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The company has a market cap of $37.00 billion, a P/E ratio of 28.70, a PEG ratio of 2.41 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the firm posted $0.82 EPS. Ross Stores’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Ross Stores, Inc. will post 4.12 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Thursday, September 13th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 0.94%. The ex-dividend date was Wednesday, September 12th. Ross Stores’s payout ratio is currently 26.95%.

Several research analysts have issued reports on ROST shares. BidaskClub lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 3rd. Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Friday, October 5th. SunTrust Banks raised their price target on shares of Ross Stores to $103.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Loop Capital raised their price target on shares of Ross Stores from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Finally, Wedbush started coverage on shares of Ross Stores in a report on Friday, June 22nd. They set a “neutral” rating and a $90.00 price target for the company. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $96.04.

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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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