Livforsakringsbolaget Skandia Omsesidigt Has $404,000 Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 296.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,687 shares of the apparel retailer’s stock after buying an additional 2,010 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Ross Stores were worth $404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Ross Stores by 1.2% during the first quarter. Vanguard Group Inc. now owns 28,916,192 shares of the apparel retailer’s stock worth $4,243,740,000 after buying an additional 346,474 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Ross Stores by 14.6% during the fourth quarter. Wellington Management Group LLP now owns 4,722,885 shares of the apparel retailer’s stock worth $653,600,000 after acquiring an additional 601,031 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Ross Stores by 11.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,310,364 shares of the apparel retailer’s stock worth $481,062,000 after acquiring an additional 347,006 shares during the last quarter. Legal & General Group Plc lifted its position in Ross Stores by 10.3% in 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 acquiring an additional 254,720 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Ross Stores by 15.5% during 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 purchasing an additional 331,996 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on ROST shares. UBS Group increased their price objective on Ross Stores from $147.00 to $167.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Gordon Haskett upgraded Ross Stores to a “strong-buy” rating in a research note on Friday, August 23rd. TD Cowen upped their target price on shares of Ross Stores from $173.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Morgan Stanley increased their target price on shares of Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Bank of America upped their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $169.71.

Ross Stores Stock Up 1.7 %

ROST stock opened at $143.36 on Monday. The stock has a fifty day moving average of $148.25 and a 200-day moving average of $143.19. Ross Stores, Inc. has a fifty-two week low of $111.64 and a fifty-two week high of $163.60. The company has a market capitalization of $47.56 billion, a price-to-earnings ratio of 23.12, a PEG ratio of 2.29 and a beta of 1.09. 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 issued its earnings results on Thursday, August 22nd. The apparel retailer reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.09. The firm had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the business earned $1.32 earnings per share. As a group, equities research analysts predict that Ross Stores, Inc. will post 6.2 earnings per share for the current year.

Ross Stores Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.3675 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.47 annualized dividend and a dividend yield of 1.03%. Ross Stores’s dividend payout ratio is currently 23.71%.

Insider Transactions at Ross Stores

In related news, COO Michael J. Hartshorn sold 8,366 shares of the 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 sale, the chief operating officer now owns 103,049 shares of the company’s stock, valued at approximately $16,038,546.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Michael J. Hartshorn sold 8,366 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $155.64, for a total transaction of $1,302,084.24. Following the sale, the chief operating officer now owns 103,049 shares of the company’s stock, valued at approximately $16,038,546.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Michael Balmuth sold 14,887 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were 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 approximately $1,694,665.26. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,138 shares of company stock valued at $11,093,051 over the last three months. Company insiders own 2.10% of the company’s stock.

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.