UBS Asset Management Americas Inc. Reduces Stake in Ross Stores, Inc. (ROST)

UBS Asset Management Americas Inc. lessened its position in Ross Stores, Inc. (NASDAQ:ROST) by 7.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,619,265 shares of the apparel retailer’s stock after selling 301,969 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.93% of Ross Stores worth $208,940,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROST. Toronto Dominion Bank raised its stake in shares of Ross Stores by 53.2% in the 1st quarter. Toronto Dominion Bank now owns 109,409 shares of the apparel retailer’s stock worth $7,206,000 after buying an additional 37,997 shares in the last quarter. Scout Investments Inc. bought a new stake in shares of Ross Stores in the 1st quarter worth $6,520,000. State of Wisconsin Investment Board raised its stake in shares of Ross Stores by 7.9% in the 1st quarter. State of Wisconsin Investment Board now owns 672,209 shares of the apparel retailer’s stock worth $44,278,000 after buying an additional 49,046 shares in the last quarter. Jackson Wealth Management LLC raised its stake in shares of Ross Stores by 0.7% in the 1st quarter. Jackson Wealth Management LLC now owns 42,157 shares of the apparel retailer’s stock worth $2,660,000 after buying an additional 274 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of Ross Stores by 6.5% in the 1st quarter. Norinchukin Bank The now owns 25,611 shares of the apparel retailer’s stock worth $1,687,000 after buying an additional 1,552 shares in the last quarter. 90.40% of the stock is currently owned by institutional investors.

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A number of research firms have recently commented on ROST. William Blair reissued an “outperform” rating on shares of Ross Stores in a research note on Monday, May 22nd. Morgan Stanley reissued an “overweight” rating and issued a $69.00 price objective on shares of Ross Stores in a research note on Monday, May 22nd. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Thursday, September 14th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of Ross Stores in a research note on Monday. Finally, BidaskClub downgraded Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Ross Stores presently has an average rating of “Buy” and a consensus price target of $69.74.

In related news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.30% of the company’s stock.

Ross Stores, Inc. (NASDAQ ROST) traded up 0.041% on Tuesday, reaching $60.835. The company had a trading volume of 857,973 shares. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $69.81. The firm has a 50 day moving average price of $57.60 and a 200-day moving average price of $60.80. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 20.091 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. Analysts forecast that Ross Stores, Inc. will post $3.23 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.05%. The ex-dividend date is Wednesday, September 6th. Ross Stores’s payout ratio is presently 21.12%.

Ross Stores Profile

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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