7,309 Shares in Ross Stores, Inc. (ROST) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the first quarter, Holdings Channel reports. The institutional investor acquired 7,309 shares of the apparel retailer’s stock, valued at approximately $481,000.

A number of other large investors also recently added to or reduced their stakes in ROST. A.R.T. Advisors LLC increased its stake in shares of Ross Stores by 1,419.0% in the fourth quarter. A.R.T. Advisors LLC now owns 127,600 shares of the apparel retailer’s stock valued at $8,370,000 after buying an additional 119,200 shares during the period. Retirement Systems of Alabama boosted its position in Ross Stores by 1.4% in the first quarter. Retirement Systems of Alabama now owns 190,510 shares of the apparel retailer’s stock valued at $12,549,000 after buying an additional 2,542 shares in the last quarter. Westport Asset Management Inc. purchased a new position in Ross Stores during the fourth quarter valued at $1,312,000. Aberdeen Asset Management PLC UK boosted its position in Ross Stores by 42.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 223,906 shares of the apparel retailer’s stock valued at $14,688,000 after buying an additional 67,252 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its position in Ross Stores by 8.1% in the fourth quarter. First Republic Investment Management Inc. now owns 28,210 shares of the apparel retailer’s stock valued at $1,851,000 after buying an additional 2,114 shares in the last quarter. Institutional investors and hedge funds own 91.43% of the company’s stock.

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

Shares of Ross Stores, Inc. (NASDAQ ROST) traded up 1.04% during trading on Friday, hitting $61.96. The stock had a trading volume of 2,498,629 shares. The company has a market cap of $23.94 billion, a PE ratio of 21.23 and a beta of 0.94. The firm’s 50 day moving average is $63.57 and its 200 day moving average is $65.88. Ross Stores, Inc. has a 1-year low of $52.75 and a 1-year high of $69.81.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, May 18th. The apparel retailer reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Ross Stores had a return on equity of 42.09% and a net margin of 8.58%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. Equities research analysts anticipate that Ross Stores, Inc. will post $3.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, June 2nd. This represents a $0.64 annualized dividend and a yield of 1.03%. Ross Stores’s payout ratio is 19.85%.

COPYRIGHT VIOLATION NOTICE: “7,309 Shares in Ross Stores, Inc. (ROST) Acquired by Dynamic Technology Lab Private Ltd” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://sleekmoney.com/7309-shares-in-ross-stores-inc-rost-acquired-by-dynamic-technology-lab-private-ltd/1897864.html.

Several research firms have recently weighed in on ROST. Instinet upped their price objective on Ross Stores from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Telsey Advisory Group increased their price target on Ross Stores from $70.00 to $77.00 and gave the company a “market perform” rating in a research report on Wednesday, March 1st. Wedbush increased their price target on Ross Stores from $71.00 to $73.00 and gave the company an “outperform” rating in a research report on Wednesday, March 1st. Jefferies Group LLC increased their price target on Ross Stores from $59.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, March 1st. Finally, BMO Capital Markets increased their price target on Ross Stores from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Wednesday, March 1st. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $69.82.

In other news, Chairman Michael Balmuth sold 51,207 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $67.29, for a total transaction of $3,445,719.03. Following the completion of the sale, the chairman now directly owns 145,666 shares in the company, valued at $9,801,865.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sharon D. Garrett sold 16,130 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total transaction of $1,019,899.90. Following the sale, the director now owns 4,967 shares of the company’s stock, valued at $314,063.41. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,839 shares of company stock valued at $13,171,640. Company insiders own 2.40% of the company’s stock.

Ross Stores Company 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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/7309-shares-in-ross-stores-inc-rost-acquired-by-dynamic-technology-lab-private-ltd/1897864.html

Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *