Caprock Group LLC Has $999,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Caprock Group LLC grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 39.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,639 shares of the apparel retailer’s stock after purchasing an additional 1,895 shares during the quarter. Caprock Group LLC’s holdings in Ross Stores were worth $999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Ross Stores by 3.9% during 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 acquiring an additional 129,908 shares during the period. Legal & General Group Plc boosted its stake in Ross Stores by 10.3% during the 2nd quarter. Legal & General Group Plc now owns 2,737,042 shares of the apparel retailer’s stock valued at $397,747,000 after purchasing an additional 254,720 shares during the period. Dimensional Fund Advisors LP grew its holdings in Ross Stores by 15.5% in the 2nd 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. Los Angeles Capital Management LLC increased its position in Ross Stores by 68.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 2,391,856 shares of the apparel retailer’s stock worth $347,585,000 after buying an additional 975,190 shares during the period. Finally, Boston Partners lifted its holdings in shares of Ross Stores by 3.3% during the first quarter. Boston Partners now owns 2,131,529 shares of the apparel retailer’s stock worth $312,756,000 after buying an additional 69,085 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Loop Capital raised their price objective on shares of Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Morgan Stanley raised their price target on shares of Ross Stores from $163.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Robert W. Baird upped their price objective on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company cut their price target on Ross Stores from $175.00 to $165.00 and set an “overweight” rating for the company in a report on Thursday, November 14th. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ross Stores currently has an average rating of “Moderate Buy” and a consensus target price of $169.50.

Ross Stores Trading Up 2.4 %

Shares of ROST stock opened at $142.64 on Friday. The company has a market capitalization of $47.32 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 2.34 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 business’s fifty day moving average is $145.32 and its 200 day moving average is $144.43. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.05 and a current ratio of 1.56.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the firm posted $1.33 EPS. Ross Stores’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ross Stores, Inc. will post 6.11 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The company also recently announced 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 1.03%. The ex-dividend date of this dividend is Tuesday, December 10th. Ross Stores’s dividend payout ratio is currently 23.71%.

Insider Buying and Selling at Ross Stores

In other news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $153.93, for a total value of $7,524,868.05. Following the completion of the transaction, the chief executive officer now owns 311,853 shares of the company’s stock, valued at $48,003,532.29. The trade was a 13.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Michael Balmuth sold 14,887 shares of Ross Stores stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $152.22, for a total transaction of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares of the company’s stock, valued at $1,694,665.26. This trade represents a 57.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,138 shares of company stock valued at $11,093,051. 2.10% of the stock is currently owned by company insiders.

Ross Stores Profile

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.