Mutual of America Capital Management LLC Sells 1,217 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Mutual of America Capital Management LLC lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,100 shares of the apparel retailer’s stock after selling 1,217 shares during the period. Mutual of America Capital Management LLC’s holdings in Ross Stores were worth $6,186,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ROST. PGGM Investments boosted its stake in Ross Stores by 724.1% during the 2nd quarter. PGGM Investments now owns 24,848 shares of the apparel retailer’s stock worth $3,611,000 after acquiring an additional 21,833 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Ross Stores by 140.2% during the first quarter. Canada Pension Plan Investment Board now owns 464,062 shares of the apparel retailer’s stock worth $68,106,000 after purchasing an additional 270,844 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Ross Stores by 47.5% in 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 period. O Shaughnessy Asset Management LLC increased its position in shares of Ross Stores by 19.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 30,919 shares of the apparel retailer’s stock valued at $4,538,000 after buying an additional 4,992 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Ross Stores by 42.1% during the 1st quarter. Janus Henderson Group PLC now owns 63,105 shares of the apparel retailer’s stock worth $9,260,000 after buying an additional 18,685 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ROST shares. Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday. Bank of America lifted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Loop Capital increased 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. UBS Group boosted their price objective on shares of Ross Stores from $147.00 to $167.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Finally, Barclays increased their target price on Ross Stores from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and an average price target of $169.50.

Ross Stores Stock Performance

Shares of ROST opened at $139.26 on Wednesday. The company has a market cap of $46.20 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 2.36 and a beta of 1.09. The firm has a 50-day moving average of $145.76 and a 200-day moving average of $144.48. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.05.

Ross Stores (NASDAQ:ROST) last announced 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. Ross Stores had a return on equity of 42.43% and a net margin of 9.82%. The firm had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Ross Stores, Inc. will post 6.11 earnings per share for the current year.

Insider Transactions at Ross Stores

In related news, Chairman Michael Balmuth sold 14,887 shares of the company’s stock in a transaction dated 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 transaction, the chairman now directly owns 11,133 shares in the company, valued at approximately $1,694,665.26. This represents a 57.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael J. Hartshorn sold 8,366 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 103,049 shares in the company, valued at $16,038,546.36. This represents a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,138 shares of company stock worth $11,093,051. 2.10% of the stock is owned by insiders.

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.