New York State Teachers Retirement System Has $40.25 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

New York State Teachers Retirement System lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 267,409 shares of the apparel retailer’s stock after selling 6,258 shares during the quarter. New York State Teachers Retirement System’s holdings in Ross Stores were worth $40,248,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ROST. University of Texas Texas AM Investment Management Co. bought a new position in Ross Stores in the second quarter valued at approximately $27,000. SJS Investment Consulting Inc. lifted its stake in shares of Ross Stores by 262.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 210 shares of the apparel retailer’s stock valued at $31,000 after purchasing an additional 152 shares during the period. Industrial Alliance Investment Management Inc. acquired a new position in shares of Ross Stores in the 2nd quarter valued at $32,000. Armstrong Advisory Group Inc. bought a new position in shares of Ross Stores in the 3rd quarter worth $33,000. Finally, Crewe Advisors LLC grew its stake in shares of Ross Stores by 97.8% during the second quarter. Crewe Advisors LLC now owns 275 shares of the apparel retailer’s stock worth $40,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 86.86% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Barbara Rentler sold 48,885 shares of the firm’s 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 in the company, valued at $48,003,532.29. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Michael Balmuth sold 14,887 shares of the business’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 transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 48,885 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $153.93, for a total transaction of $7,524,868.05. Following the completion of the sale, the chief executive officer now owns 311,853 shares of the company’s stock, valued at approximately $48,003,532.29. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,138 shares of company stock valued at $11,093,051 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen increased their target price on Ross Stores from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Gordon Haskett upgraded shares of Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Morgan Stanley boosted their price objective 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. Loop Capital increased their target price on shares of Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Ross Stores from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $169.71.

Ross Stores Stock Up 0.4 %

ROST stock opened at $139.59 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05. The stock has a market capitalization of $46.31 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.34 and a beta of 1.09. Ross Stores, Inc. has a fifty-two week low of $114.06 and a fifty-two week high of $163.60. The business has a 50-day moving average of $148.82 and a 200-day moving average of $143.50.

Ross Stores (NASDAQ:ROST) last released its quarterly 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 the consensus estimate of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.32 EPS. On average, sell-side analysts anticipate that Ross Stores, Inc. will post 6.2 earnings per share for the current fiscal year.

Ross Stores Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were paid a $0.3675 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.47 annualized dividend and a yield of 1.05%. Ross Stores’s payout ratio is currently 23.71%.

About Ross Stores

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.