UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $267.38 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,776,510 shares of the apparel retailer’s stock after selling 14,087 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ross Stores were worth $267,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ROST. University of Texas Texas AM Investment Management Co. bought a new position in Ross Stores during the second quarter worth $27,000. SJS Investment Consulting Inc. boosted its holdings in Ross Stores by 262.1% in the second quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock worth $31,000 after acquiring an additional 152 shares in the last quarter. Industrial Alliance Investment Management Inc. acquired a new stake in Ross Stores in the second quarter valued at approximately $32,000. Armstrong Advisory Group Inc. bought a new stake in shares of Ross Stores during the third quarter valued at approximately $33,000. Finally, Crewe Advisors LLC raised its position in shares of Ross Stores by 97.8% during the second quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock worth $40,000 after purchasing an additional 136 shares during the period. Institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 0.0 %

NASDAQ:ROST opened at $154.87 on Friday. Ross Stores, Inc. has a 12 month low of $127.53 and a 12 month high of $163.60. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $145.32 and its 200 day moving average is $145.26. The stock has a market capitalization of $51.38 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.56 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.33 earnings per share. Sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a $0.3675 dividend. This represents a $1.47 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 10th. Ross Stores’s dividend payout ratio (DPR) is currently 23.15%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays boosted their price target on shares of Ross Stores from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Friday, August 23rd. Guggenheim reissued a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price target for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a report on Friday, August 23rd. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research note on Monday, November 18th. Five analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.69.

Insider Activity at Ross Stores

In other news, Chairman Michael Balmuth sold 14,887 shares of Ross Stores 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 completion of the transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. The trade was a 57.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total value of $1,302,084.24. Following the sale, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

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.