Andra AP fonden boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 8.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,100 shares of the apparel retailer’s stock after purchasing an additional 8,200 shares during the quarter. Andra AP fonden’s holdings in Ross Stores were worth $6,786,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Flossbach Von Storch AG increased its stake in shares of Ross Stores by 7,335.3% in the second quarter. Flossbach Von Storch AG now owns 5,000,270 shares of the apparel retailer’s stock valued at $288,666,000 after buying an additional 4,933,020 shares in the last quarter. Janus Henderson Group PLC increased its position in Ross Stores by 3,501.6% in the second quarter. Janus Henderson Group PLC now owns 1,942,654 shares of the apparel retailer’s stock worth $112,149,000 after purchasing an additional 1,888,715 shares during the period. Alliancebernstein L.P. increased its position in Ross Stores by 68.4% in the second quarter. Alliancebernstein L.P. now owns 4,604,774 shares of the apparel retailer’s stock worth $265,834,000 after purchasing an additional 1,870,314 shares during the period. Renaissance Technologies LLC boosted its holdings in Ross Stores by 393.0% during the second quarter. Renaissance Technologies LLC now owns 1,573,128 shares of the apparel retailer’s stock worth $90,817,000 after buying an additional 1,254,028 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Ross Stores by 1.9% during the second quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock worth $2,086,753,000 after buying an additional 686,186 shares during the last quarter. 90.51% of the stock is owned by institutional investors.
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Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $64.91 on Tuesday. The stock has a market capitalization of $25,356.54, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $69.81. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.64 and a quick ratio of 0.76.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 earnings per share. equities analysts predict that Ross Stores, Inc. will post 3.22 EPS for the current fiscal year.
In related news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
ROST has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Monday, August 21st. Buckingham Research reiterated a “neutral” rating and set a $71.00 price objective on shares of Ross Stores in a report on Thursday, October 19th. Instinet reiterated a “buy” rating and set a $74.00 price objective on shares of Ross Stores in a report on Sunday, August 20th. UBS AG lowered their price target on Ross Stores from $70.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 18th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $80.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $70.21.
Ross Stores Company Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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