The LS Investment Advisors LLC Boosts Stake in Ross Stores, Inc. (ROST)

The LS Investment Advisors LLC Boosts Stake in Ross Stores, Inc. (ROST)

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. A.R.T. Advisors LLC boosted its position in Ross Stores by 1,419.0% in the fourth quarter. A.R.T. Advisors LLC now owns 127,600 shares of the apparel retailer’s stock valued at $8,370,000 after buying an additional 119,200 shares during the period. Retirement Systems of Alabama boosted its position in Ross Stores by 1.4% in the first quarter. Retirement Systems of Alabama now owns 190,510 shares of the apparel retailer’s stock valued at $12,549,000 after buying an additional 2,542 shares during the period. APG Asset Management N.V. boosted its stake in shares of Ross Stores by 52.6% in the third quarter. APG Asset Management N.V. now owns 1,020,894 shares of the apparel retailer’s stock valued at $65,643,000 after buying an additional 351,700 shares during the last quarter. Westport Asset Management Inc. acquired a new stake in shares of Ross Stores during the fourth quarter valued at approximately $1,312,000. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of Ross Stores by 42.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 223,906 shares of the apparel retailer’s stock valued at $14,688,000 after buying an additional 67,252 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

LS Investment Advisors LLC raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 13.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,340 shares of the apparel retailer’s stock after buying an additional 1,191 shares during the period. LS Investment Advisors LLC’s holdings in Ross Stores were worth $681,000 at the end of the most recent quarter.

Shares of Ross Stores, Inc. (ROST) opened at 63.74 on Monday. Ross Stores, Inc. has a 12 month low of $52.06 and a 12 month high of $69.81. The firm has a market cap of $24.63 billion, a price-to-earnings ratio of 21.84 and a beta of 0.94. The firm has a 50-day moving average of $63.81 and a 200-day moving average of $66.01.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.27 billion. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. Ross Stores’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. On average, analysts anticipate that Ross Stores, Inc. will post $3.17 EPS for the current year. The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, June 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 1.00%. Ross Stores’s dividend payout ratio is currently 19.85%.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.27 billion. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. Ross Stores’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. On average, analysts anticipate that Ross Stores, Inc. will post $3.17 EPS for the current year. ROST has been the subject of several recent research reports. Zacks Investment Research cut shares of Ross Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Jefferies Group LLC set a $63.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research report on Thursday, April 6th. BMO Capital Markets restated a “hold” rating and issued a $72.00 price objective on shares of Ross Stores in a research report on Tuesday, April 18th. Citigroup Inc cut shares of Ross Stores from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 1st. They noted that the move was a valuation call. Finally, Royal Bank of Canada set a $70.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research note on Monday, May 15th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $69.82.

In other Ross Stores news, Chairman Michael Balmuth sold 51,207 shares of the firm’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $67.29, for a total transaction of $3,445,719.03. Following the completion of the sale, the chairman now directly owns 145,666 shares in the company, valued at approximately $9,801,865.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John G. Call sold 15,243 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $65.83, for a total transaction of $1,003,446.69. Following the sale, the vice president now directly owns 156,572 shares in the company, valued at approximately $10,307,134.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,424 shares of company stock valued at $13,813,260. 2.40% of the stock is owned by company insiders. About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ROST”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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