LLBH Private Wealth Management LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,124 shares of the apparel retailer’s stock, valued at approximately $238,000.

A number of other large investors have also added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America boosted its stake in Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares in the last quarter. Alpha Windward LLC boosted its stake in Ross Stores by 0.8% in the first quarter. Alpha Windward LLC now owns 2,974 shares of the apparel retailer’s stock worth $196,000 after buying an additional 23 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in Ross Stores by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock worth $354,000 after buying an additional 34 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Ross Stores by 0.8% in the first quarter. Cullen Frost Bankers Inc. now owns 5,141 shares of the apparel retailer’s stock worth $339,000 after buying an additional 41 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares in the last quarter. 90.20% of the stock is owned by hedge funds and other institutional investors.

Ross Stores, Inc. (NASDAQ ROST) opened at 53.03 on Wednesday. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of 18.17 and a beta of 1.10. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $69.81. The firm’s 50-day moving average price is $55.32 and its 200 day moving average price is $62.27. Ross Stores also was the recipient of unusually large options trading on Monday. Stock investors acquired 7,510 put options on the company. This represents an increase of 1,008% compared to the typical volume of 678 put options.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.02. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%. The firm had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period last year, the business posted $0.73 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. On average, analysts expect that Ross Stores, Inc. will post $3.16 earnings per share for the current year.

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Several research firms have recently commented on ROST. BMO Capital Markets set a $65.00 target price on Ross Stores and gave the company a “hold” rating in a research note on Tuesday, August 8th. BidaskClub raised Ross Stores from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Credit Suisse Group reissued a “neutral” rating and issued a $64.00 target price (down from $70.00) on shares of Ross Stores in a research note on Tuesday, August 8th. Finally, William Blair reissued an “outperform” rating on shares of Ross Stores in a research note on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.41.

In other news, Director Sharon D. Garrett sold 16,130 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $63.23, for a total transaction of $1,019,899.90. Following the transaction, the director now owns 4,967 shares of the company’s stock, valued at approximately $314,063.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.30% of the company’s stock.

About Ross Stores

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

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