Veriti Management LLC Sells 290 Shares of Ross Stores, Inc. (NASDAQ:ROST)

DekaBank Deutsche Girozentrale Increases Position in Ross Stores, Inc. (NASDAQ:ROST)

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Veriti Management LLC reduced its position at Ross Stores, Inc.NASDAQ:ROSTGet Rating) by 3.9% during the 1st quarter, Holdings reports. The fund owned 7,125 shares of the apparel retailer’s stock after selling 290 shares during the quarter. Veriti Management LLC’s holdings in Ross Stores were worth $645,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings in the business. Baird Financial Group Inc. increased its holdings of Ross Stores by 0.9% in the fourth quarter. Baird Financial Group Inc. now owns 11,954 shares of the apparel retailer’s stock worth $1,366,000 after buying an additional 106 shares during the last quarter. CENTRAL TRUST Co increased its holdings of Ross Stores by 1.8% in the fourth quarter. CENTRAL TRUST Co now owns 6,357 shares of the apparel retailer’s stock worth $727,000 after buying an additional 115 shares during the last quarter. Glassman Wealth Services has increased its holdings of Ross Stores by 19.0% over the fourth quarter. Glassman Wealth Services now owns 758 shares of the apparel retailer’s stock worth $87,000 after buying an additional 121 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares Ross Stores by 3.9% during quarter 4. Pallas Capital Advisors LLC now owns 3,559 shares of the apparel retailer’s stock worth $340,000 after purchasing an additional 134 shares during the period. Clarius Group LLC also increased its share of Ross Stores stock by 3.1% in the fourth quarter. Clarius Group LLC now owns 4,507 shares of the apparel retailer’s stock worth $515,000 after purchasing an additional 134 shares during the period. Hedge funds and other institutional investors own 87.02% of the company’s stock.

NASDAQ:ROSTFriday’s opening price was $73.98. The firm has a market capitalization of $25.89 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. Ross Stores, Inc.’s twelve-month low was $69.75, and its twelve-month high was $127.58. The stock’s 50 day moving average price is $88.93 and its two-hundred day moving average price is $95.29. The company has a quick rate of 1.16, a current rate of 1.88, and a ratio of debt-to-equity of 0.61.

Ross Stores (NASDAQ:ROSTGet Rating) last posted its quarterly earnings results on Thursday, May 19th. The apparel retailer reported $0.97 earnings per stock for the quarter, which was below the consensus estimate ($1.03). The company reported revenue of $4.33 Billion for the quarter, which is lower than analyst estimates of $4.54 Billion. Ross Stores achieved a 39.61% return on equity and a net profit of 8.46%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. The firm earned $1.34 earnings per share during the same period last. Analysts expect Ross Stores, Inc. to post 4.43 earnings for the current year.

Ross Stores has announced that its Board of Directors approved a stock buyback plan on Tuesday, March 1st. This program allows the company to purchase back $1.90 trillion in shares. The buyback authorization allows Ross Stores to repurchase up 6% of its stock via open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

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The firm recently announced a quarterly dividend that will be paid on Thursday June 30th. Stockholders with shares recorded on Tuesday, Juni 7th will receive $0.31 per unit. Monday, June 6, is the ex-dividend day for this dividend. This is a $1.24 annualized distribution and a dividend yielding 1.68%. Ross Stores’s dividend payout ratio is currently 27.62%.

In other news, Director Michael J. BushIn a transaction that took place on Wednesday, June 8, 2008, Ross Stores stock was sold 1,000 shares. The stock was purchased at an average price $81.46, resulting in a total transaction value of $81,460.00. The director now has 34,496 shares of the company. This transaction is approximately $2,810,000.04.16. The Securities & Exchange Commission filed the sale. This filing is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Numerous equities analysts have commented on the company in recent times. Sanford C. Bernstein assumed coverage for Ross Stores in a research paper on Monday, March 14. They also set an “outperform”The stock has a rating of ‘A’ and a price target of $125.00. Loop Capital lowered their price target for Ross Stores from $95.00 – $80.00 and established a $125.00 price target. “hold”A research report on Friday, May 20,th gave the stock a rating. Barclays reduced their price target for Ross Stores to $119.00 from $85.00 and issued an “overweight”In a research report, Morgan Stanley gave the stock a rating on Monday, 23 May. Morgan Stanley reaffirmed a “buy”In a Friday research report, Wells Fargo and Company assigned a rating to Ross Stores shares and set a price target of $129.00. Wells Fargo & Company lowered their price target on Ross Stores to $90.00 from $80.00 and established an “equal weight”The stock was given a rating in a research report published on Friday, 20 May. Six analysts have assigned the stock a Hold rating, while eleven have given it a Buy rating. MarketBeat currently rates Ross Stores at a rating of 4.2 out of 5. “Moderate Buy”The average target price is $102.73.

About Ross Stores (Get Rating)

Ross Stores, Inc, along with its subsidiaries, operate off-price retail apparel stores and home fashion shops under the Ross Dress for Less brand names. Its stores sell apparel, accessories and footwear, as well as home fashions. Ross Dress for Less stores are primarily sold at specialty and department stores, primarily to middle-income households. dd’s DISCOUNTS stores sell their products at discount and department stores for households with moderate income.

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You want to see which other hedge funds have ROST? Visit HoldingsChannel.comRoss Stores, Inc. latest 13F filings, insider tradesNASDAQ:ROSTGet Rating).

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

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