Mon Sep 09 14:45:39 UTC 2024: ## Ross Stores Attracts Institutional Investors, CEO Sells Shares

**New York, NY – September 9, 2024** – Ross Stores, Inc. (NASDAQ: ROST) continues to be a popular pick among institutional investors. The apparel retailer saw significant interest in the second and fourth quarters, with several large investors making new investments or increasing their existing holdings.

**Institutional Interest**

Custom Index Systems LLC purchased a new stake in Ross Stores during the second quarter, investing approximately $208,000. Other noteworthy investments include:

* **Norges Bank:** Acquired a new stake in the fourth quarter worth around $523.185 million.
* **First Trust Advisors LP:** Increased its position by 515.8% in the fourth quarter, now owning shares valued at $243.135 million.
* **Los Angeles Capital Management LLC:** Raised its position by 68.8% in the second quarter, currently holding shares valued at $347.585 million.
* **Westfield Capital Management Co. LP:** Acquired a new stake in the fourth quarter valued at approximately $102.083 million.
* **Wellington Management Group LLP:** Increased its position by 14.6% in the fourth quarter, now owning shares valued at $653.6 million.

**CEO Sale**

In related news, CEO Barbara Rentler sold 48,885 shares of Ross Stores stock on August 27th for a total value of $7,524,868.05. Following the transaction, Rentler now owns 311,853 shares in the company.

**Strong Earnings and Dividend**

Ross Stores recently reported strong earnings for the second quarter, exceeding analysts’ expectations. The company reported earnings per share of $1.59, surpassing the consensus estimate of $1.50. Revenue for the quarter reached $5.29 billion, exceeding the projected $5.25 billion.

The company also announced a quarterly dividend of $0.3675 per share, payable on September 30th to investors of record on September 10th. This represents an annualized dividend of $1.47 and a dividend yield of 0.98%.

**Share Performance**

Ross Stores opened at $150.53 on Monday. The company has a 52-week low of $108.35 and a 52-week high of $163.60. Analysts predict that Ross Stores will post earnings per share of 6.2 for the current year.

**Overall, Ross Stores continues to demonstrate strong financial performance and attract institutional investors. The company’s recent earnings and dividend announcements suggest a healthy future for the apparel retailer.**

Read More