13,098 Shares in Ross Stores, Inc. (NASDAQ:ROST) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,098 shares of the apparel retailer’s stock, valued at approximately $1,971,000.

Several other large investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Ross Stores by 4.9% during the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after purchasing an additional 316,652 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Ross Stores by 3.9% in the third quarter. Victory Capital Management Inc. now owns 3,440,272 shares of the apparel retailer’s stock valued at $517,795,000 after buying an additional 129,908 shares during the last quarter. Legal & General Group Plc lifted its stake in Ross Stores by 10.3% in the second quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock valued at $397,747,000 after buying an additional 254,720 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Ross Stores by 15.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,477,142 shares of the apparel retailer’s stock valued at $359,991,000 after buying an additional 331,996 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Ross Stores by 68.8% in the second quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock valued at $347,585,000 after buying an additional 975,190 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Price Performance

NASDAQ:ROST opened at $154.87 on Monday. The business’s 50-day moving average price is $145.32 and its 200 day moving average price is $145.44. The firm has a market cap of $51.38 billion, a P/E ratio of 24.39, a PEG ratio of 2.56 and a beta of 1.09. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

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

Ross Stores Dividend Announcement

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

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of Ross Stores stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the transaction, the chief operating officer now owns 103,049 shares of the company’s stock, valued at $16,038,546.36. The trade was a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. This trade represents a 57.21 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ROST has been the topic of a number of recent research reports. Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. JPMorgan Chase & Co. lifted their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. StockNews.com cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their price objective for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $171.69.

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.