Amundi Pioneer Asset Management Inc. Sells 63,131 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Amundi Pioneer Asset Management Inc. lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 1.7% in the 4th quarter, Holdings Channel reports. The fund owned 3,623,768 shares of the apparel retailer’s stock after selling 63,131 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Ross Stores were worth $445,035,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ROST. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Ross Stores during the 3rd quarter valued at $416,000. Peapack Gladstone Financial Corp boosted its stake in Ross Stores by 9.1% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,175 shares of the apparel retailer’s stock valued at $296,000 after purchasing an additional 266 shares during the last quarter. Lombard Odier Asset Management Switzerland SA purchased a new stake in Ross Stores during the 3rd quarter valued at $573,000. Point72 Asset Management L.P. boosted its stake in Ross Stores by 57.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 964,545 shares of the apparel retailer’s stock valued at $90,011,000 after purchasing an additional 351,727 shares during the last quarter. Finally, Colony Group LLC boosted its stake in Ross Stores by 17.8% during the 3rd quarter. Colony Group LLC now owns 302,775 shares of the apparel retailer’s stock valued at $28,255,000 after purchasing an additional 45,751 shares during the last quarter. 83.15% of the stock is owned by hedge funds and other institutional investors.

In other Ross Stores news, CEO Barbara Rentler sold 69,407 shares of the business’s stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $111.70, for a total transaction of $7,752,761.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Orban sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $120.17, for a total value of $390,552.50. Following the transaction, the director now owns 405,450 shares of the company’s stock, valued at approximately $48,722,926.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 212,110 shares of company stock valued at $25,291,415. 2.00% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on ROST. Morgan Stanley raised their price target on Ross Stores from $121.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 20th. UBS Group dropped their price target on Ross Stores from $125.00 to $120.00 and set a “neutral” rating on the stock in a research note on Thursday, March 11th. JPMorgan Chase & Co. raised their price target on Ross Stores from $125.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, January 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Ross Stores from $123.00 to $129.00 and gave the stock a “buy” rating in a research note on Thursday, January 21st. Three equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $117.05.

ROST opened at $123.41 on Thursday. The firm has a market cap of $44.00 billion, a P/E ratio of 146.92, a P/E/G ratio of 8.16 and a beta of 0.95. Ross Stores, Inc. has a 12 month low of $79.65 and a 12 month high of $127.08. The company has a current ratio of 1.65, a quick ratio of 1.24 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $119.88 and a 200 day moving average of $110.78.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Monday, March 1st. The apparel retailer reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.33). The company had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Ross Stores had a return on equity of 22.57% and a net margin of 2.39%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 EPS. On average, research analysts forecast that Ross Stores, Inc. will post 1.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Tuesday, March 16th were given a $0.285 dividend. The ex-dividend date of this dividend was Monday, March 15th. This represents a $1.14 annualized dividend and a yield of 0.92%. Ross Stores’s dividend payout ratio is currently 24.89%.

Ross Stores Company 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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

Further Reading: Death Cross

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

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