Sather Financial Group Inc Has $16.84 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Sather Financial Group Inc decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 169,890 shares of the apparel retailer’s stock after selling 1,165 shares during the period. Ross Stores comprises approximately 3.2% of Sather Financial Group Inc’s portfolio, making the stock its 16th largest position. Sather Financial Group Inc’s holdings in Ross Stores were worth $16,839,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Manhattan Co. acquired a new position in shares of Ross Stores in the 1st quarter valued at $27,000. Berman Capital Advisors LLC grew its holdings in shares of Ross Stores by 32.2% in the 1st quarter. Berman Capital Advisors LLC now owns 522 shares of the apparel retailer’s stock valued at $48,000 after buying an additional 127 shares during the period. Thor Advisors LLC acquired a new position in shares of Ross Stores in the 1st quarter valued at $54,000. Legacy Advisors LLC acquired a new position in shares of Ross Stores in the 1st quarter valued at $67,000. Finally, Zions Bancorporation N.A. acquired a new position in shares of Ross Stores in the 1st quarter valued at $76,000. 89.73% of the stock is owned by institutional investors.

In related news, CEO Barbara Rentler sold 40,000 shares of Ross Stores stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $99.16, for a total transaction of $3,966,400.00. Following the completion of the transaction, the chief executive officer now owns 473,922 shares of the company’s stock, valued at $46,994,105.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider James S. Fassio sold 85,238 shares of Ross Stores stock in a transaction on Friday, July 12th. The stock was sold at an average price of $104.85, for a total transaction of $8,937,204.30. The disclosure for this sale can be found here. Insiders have sold 296,287 shares of company stock valued at $29,806,735 in the last ninety days. Insiders own 2.30% of the company’s stock.

ROST has been the subject of a number of research analyst reports. Goldman Sachs Group lowered shares of Ross Stores from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $102.00 to $91.00 in a research note on Thursday, June 27th. Guggenheim reaffirmed a “buy” rating and issued a $105.00 target price on shares of Ross Stores in a research note on Friday, May 24th. Zacks Investment Research raised shares of Ross Stores from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Robert W. Baird initiated coverage on shares of Ross Stores in a research note on Monday, May 13th. They issued an “outperform” rating and a $108.00 target price for the company. Finally, BidaskClub lowered shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $98.64.

NASDAQ:ROST traded down $0.18 on Friday, hitting $103.39. 59,189 shares of the company’s stock were exchanged, compared to its average volume of 1,726,942. The business has a 50-day simple moving average of $103.50. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.64 and a current ratio of 1.34. Ross Stores, Inc. has a 52 week low of $75.91 and a 52 week high of $108.20. The stock has a market capitalization of $37.95 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.27 and a beta of 0.90.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.01. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.79 billion. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. Research analysts anticipate that Ross Stores, Inc. will post 4.51 earnings per share for the current year.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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

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