Hahn Capital Management LLC Has $7.91 Million Stake in Ross Stores, Inc. (NASDAQ:ROST)

Hahn Capital Management LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 33.6% in the third quarter, Holdings Channel reports. The firm owned 52,559 shares of the apparel retailer’s stock after selling 26,639 shares during the period. Ross Stores accounts for 5.1% of Hahn Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Hahn Capital Management LLC’s holdings in Ross Stores were worth $7,911,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. PGGM Investments grew its stake in Ross Stores by 724.1% in the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock valued at $3,611,000 after purchasing an additional 21,833 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Ross Stores by 140.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 464,062 shares of the apparel retailer’s stock valued at $68,106,000 after buying an additional 270,844 shares during the last quarter. Norden Group LLC purchased a new position in shares of Ross Stores during the 1st quarter valued at $5,667,000. Diversified Trust Co lifted its position in shares of Ross Stores by 47.5% during the 2nd quarter. Diversified Trust Co now owns 13,124 shares of the apparel retailer’s stock valued at $1,907,000 after buying an additional 4,228 shares during the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Ross Stores by 8.1% during the 1st quarter. TD Asset Management Inc now owns 547,710 shares of the apparel retailer’s stock valued at $80,382,000 after buying an additional 41,204 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $144.38 on Friday. The firm has a market capitalization of $47.90 billion, a P/E ratio of 23.29, a P/E/G ratio of 2.37 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 1.56 and a debt-to-equity ratio of 0.30. The stock’s 50-day simple moving average is $149.50 and its two-hundred day simple moving average is $143.39. Ross Stores, Inc. has a twelve month low of $112.39 and a twelve month high of $163.60.

Ross Stores (NASDAQ:ROST) last announced 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 business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.25 billion. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.32 EPS. As a group, equities analysts anticipate that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently announced 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 was Tuesday, September 10th. This represents a $1.47 dividend on an annualized basis and a yield of 1.02%. Ross Stores’s dividend payout ratio is currently 23.71%.

Insiders Place Their Bets

In other news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction dated Thursday, September 5th. The stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Michael Balmuth sold 14,887 shares of the stock in a transaction dated Thursday, September 5th. The stock was 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $155.64, for a total value of $1,302,084.24. Following the transaction, the chief operating officer now owns 103,049 shares in the company, valued at $16,038,546.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,138 shares of company stock worth $11,093,051 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on ROST shares. Robert W. Baird upped their price target on Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Bank of America upped their price target on Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Gordon Haskett raised Ross Stores to a “strong-buy” rating in a research report on Friday, August 23rd. Loop Capital upped their price target on Ross Stores from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. Three research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.71.

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.