Mizuho Asset Management Co. Ltd. increased its stake in Ross Stores Inc. (NASDAQ:ROST) by 237.9% during the second quarter, Holdings Channel reports. The institutional investor owned 5,146 shares of the apparel retailer’s stock after buying an additional 3,623 shares during the period. Mizuho Asset Management Co. Ltd.’s holdings in Ross Stores were worth $292,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Carroll Financial Associates Inc. raised its position in shares of Ross Stores by 0.7% in the second quarter. Carroll Financial Associates Inc. now owns 2,605 shares of the apparel retailer’s stock valued at $147,000 after buying an additional 17 shares in the last quarter. Bingham Osborn & Scarborough LLC raised its position in shares of Ross Stores by 0.6% in the second quarter. Bingham Osborn & Scarborough LLC now owns 7,592 shares of the apparel retailer’s stock valued at $430,000 after buying an additional 46 shares in the last quarter. Somerset Trust Co raised its position in shares of Ross Stores by 0.3% in the second quarter. Somerset Trust Co now owns 26,075 shares of the apparel retailer’s stock valued at $1,478,000 after buying an additional 78 shares in the last quarter. HM Payson & Co. raised its position in shares of Ross Stores by 0.8% in the second quarter. HM Payson & Co. now owns 12,191 shares of the apparel retailer’s stock valued at $691,000 after buying an additional 91 shares in the last quarter. Finally, Torch Wealth Management LLC raised its position in shares of Ross Stores by 0.3% in the second quarter. Torch Wealth Management LLC now owns 35,630 shares of the apparel retailer’s stock valued at $2,020,000 after buying an additional 100 shares in the last quarter. 89.63% of the stock is owned by institutional investors and hedge funds.

Ross Stores Inc. (NASDAQ:ROST) traded up 0.89% on Monday, reaching $62.48. 171,530 shares of the company were exchanged. The firm has a 50-day moving average of $62.32 and a 200 day moving average of $57.93. The firm has a market capitalization of $24.78 billion, a P/E ratio of 23.78 and a beta of 0.84. Ross Stores Inc. has a 12-month low of $43.47 and a 12-month high of $66.28.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, August 18th. The apparel retailer reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. The business had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ross Stores had a net margin of 8.55% and a return on equity of 42.01%. The business’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, equities analysts predict that Ross Stores Inc. will post $2.75 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be issued a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, August 31st. Ross Stores’s dividend payout ratio (DPR) is presently 20.53%.

Several brokerages recently issued reports on ROST. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Ross Stores in a research report on Sunday, May 22nd. Bank of America Corp. reiterated a “buy” rating on shares of Ross Stores in a report on Sunday, May 22nd. Cowen and Company reiterated a “buy” rating on shares of Ross Stores in a report on Sunday, May 22nd. Jefferies Group reiterated a “hold” rating on shares of Ross Stores in a report on Sunday, May 22nd. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Ross Stores in a report on Sunday, May 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have given a buy rating to the company’s stock. Ross Stores currently has an average rating of “Buy” and a consensus price target of $65.09.

In other Ross Stores news, Director George Orban sold 56,000 shares of the company’s stock in a transaction dated Friday, July 8th. The shares were sold at an average price of $57.52, for a total value of $3,221,120.00. Following the sale, the director now owns 506,750 shares in the company, valued at $29,148,260. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Ross Stores Company Profile

Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company operates two brands of off-price retail apparel and home fashion stores, Ross Dress for Less (Ross) and dd’s DISCOUNTS. As of December 31, 2014, the Company operated 1,210 Ross locations in 33 states, the District of Columbia and Guam, and 152 dd’s DISCOUNTS stores in 15 states.

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