Ingalls & Snyder LLC Holds Position in Ross Stores, Inc. (NASDAQ:ROST)

Ingalls & Snyder LLC maintained its position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 3,999 shares of the apparel retailer’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in Ross Stores were worth $231,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ROST. Creative Planning boosted its position in shares of Ross Stores by 6.4% in the first quarter. Creative Planning now owns 13,856 shares of the apparel retailer’s stock valued at $913,000 after buying an additional 832 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in shares of Ross Stores by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 124,802 shares of the apparel retailer’s stock valued at $8,220,000 after buying an additional 1,500 shares during the last quarter. National Pension Service boosted its position in shares of Ross Stores by 4.3% in the first quarter. National Pension Service now owns 355,177 shares of the apparel retailer’s stock valued at $23,658,000 after buying an additional 14,712 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Ross Stores by 16.1% in the first quarter. Carroll Financial Associates Inc. now owns 3,025 shares of the apparel retailer’s stock valued at $199,000 after buying an additional 420 shares during the last quarter. Finally, First American Bank boosted its position in shares of Ross Stores by 40.5% in the first quarter. First American Bank now owns 53,679 shares of the apparel retailer’s stock valued at $3,536,000 after buying an additional 15,464 shares during the last quarter. Institutional investors own 90.20% of the company’s stock.

Ross Stores, Inc. (NASDAQ ROST) traded up 10.67% during midday trading on Friday, hitting $59.02. 14,140,321 shares of the stock were exchanged. The company’s 50 day moving average is $55.18 and its 200-day moving average is $62.10. The stock has a market cap of $22.61 billion, a PE ratio of 19.49 and a beta of 1.10. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $69.81.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. Ross Stores had a return on equity of 43.40% and a net margin of 8.87%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. Ross Stores’s revenue was up 7.9% on a year-over-year basis. On average, analysts expect that Ross Stores, Inc. will post $3.17 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, September 7th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is 21.12%.

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A number of equities analysts recently issued reports on ROST shares. Zacks Investment Research cut shares of Ross Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada set a $70.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a research report on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and set a $63.00 price objective on shares of Ross Stores in a research report on Tuesday, May 16th. Telsey Advisory Group lowered their price objective on shares of Ross Stores from $77.00 to $70.00 and set a “market perform” rating for the company in a research report on Friday, May 19th. Finally, BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a research report on Friday, May 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fifteen have issued a buy rating to the stock. Ross Stores has an average rating of “Buy” and a consensus price target of $69.04.

In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the transaction, the director now owns 4,967 shares of the company’s stock, valued at approximately $314,063.41. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by 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.

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

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