Itau Unibanco Holding S.A. Takes $435,000 Position in Ross Stores, Inc. (NASDAQ:ROST)

Itau Unibanco Holding S.A. purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,993 shares of the apparel retailer’s stock, valued at approximately $435,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC grew its stake in shares of Ross Stores by 7.4% in the 2nd quarter. Fidelis Capital Partners LLC now owns 3,498 shares of the apparel retailer’s stock worth $477,000 after acquiring an additional 240 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Ross Stores by 24.2% during the second quarter. 1832 Asset Management L.P. now owns 2,007,528 shares of the apparel retailer’s stock worth $291,734,000 after purchasing an additional 390,518 shares during the last quarter. Teca Partners LP grew its position in Ross Stores by 10.1% in the 2nd quarter. Teca Partners LP now owns 87,199 shares of the apparel retailer’s stock worth $12,672,000 after purchasing an additional 8,007 shares in the last quarter. Frank Rimerman Advisors LLC lifted its position in shares of Ross Stores by 16,455.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,980 shares of the apparel retailer’s stock worth $433,000 after buying an additional 2,962 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Ross Stores by 1.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,718 shares of the apparel retailer’s stock worth $267,639,000 after buying an additional 31,544 shares in the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ross Stores news, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $155.64, for a total value 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Michael Balmuth sold 14,887 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $152.22, for a total value of $2,266,099.14. Following the completion of the transaction, the chairman now directly owns 11,133 shares in the company, valued at $1,694,665.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Michael J. Hartshorn sold 8,366 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at approximately $16,038,546.36. The disclosure for this sale can be found here. Insiders sold a total of 72,138 shares of company stock worth $11,093,051 over the last ninety days. 2.10% of the stock is owned by corporate insiders.

Ross Stores Trading Down 0.1 %

Shares of ROST opened at $154.31 on Monday. Ross Stores, Inc. has a twelve month low of $108.35 and a twelve month high of $163.60. The stock has a market cap of $51.47 billion, a PE ratio of 26.02, a P/E/G ratio of 2.49 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 business’s 50-day moving average price is $147.23 and its 200-day moving average price is $143.06.

Ross Stores (NASDAQ:ROST) last posted 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. Ross Stores had a net margin of 9.82% and a return on equity of 42.43%. The business had revenue of $5.29 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the firm posted $1.32 EPS. Ross Stores’s revenue was up 7.1% on a year-over-year basis. On average, equities analysts forecast that Ross Stores, Inc. will post 6.2 EPS for the current fiscal year.

Ross Stores Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.3675 per share. This represents a $1.47 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, September 10th. Ross Stores’s dividend payout ratio is 24.79%.

Wall Street Analyst Weigh In

ROST has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on Ross Stores from $163.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. Telsey Advisory Group lifted their target price on Ross Stores from $160.00 to $175.00 and gave the stock a “market perform” rating in a research note on Friday, August 23rd. Loop Capital lifted their price objective on shares of Ross Stores from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Robert W. Baird boosted their target price on shares of Ross Stores from $162.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Finally, TD Cowen raised their price target 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. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.71.

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.