Rational Advisors LLC reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,000 shares of the apparel retailer’s stock after selling 500 shares during the period. Rational Advisors LLC’s holdings in Ross Stores were worth $231,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Ross Stores by 3.5% in the first quarter. Vanguard Group Inc. now owns 35,460,595 shares of the apparel retailer’s stock worth $2,335,790,000 after buying an additional 1,208,861 shares in the last quarter. BlackRock Inc. increased its stake in shares of Ross Stores by 1,908.5% in the first quarter. BlackRock Inc. now owns 26,454,293 shares of the apparel retailer’s stock worth $1,742,545,000 after buying an additional 25,137,186 shares in the last quarter. State Street Corp increased its stake in shares of Ross Stores by 1.0% in the first quarter. State Street Corp now owns 17,886,365 shares of the apparel retailer’s stock worth $1,178,183,000 after buying an additional 173,336 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Ross Stores by 1.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,295,824 shares of the apparel retailer’s stock worth $612,317,000 after buying an additional 146,423 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Ross Stores by 29.2% in the first quarter. Ameriprise Financial Inc. now owns 5,151,764 shares of the apparel retailer’s stock worth $339,347,000 after buying an additional 1,165,463 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

Ross Stores, Inc. (NASDAQ ROST) opened at 54.77 on Tuesday. The company has a 50-day moving average price of $55.42 and a 200-day moving average price of $62.36. The firm has a market cap of $21.32 billion, a P/E ratio of 18.76 and a beta of 1.10. Ross Stores, Inc. has a 1-year low of $52.91 and a 1-year high of $69.81.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, May 18th. The apparel retailer reported $0.82 EPS for the quarter, topping the 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 business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter last year, the company earned $0.73 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. On average, equities research analysts forecast that Ross Stores, Inc. will post $3.16 EPS for the current fiscal year.

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Several brokerages have commented on ROST. Royal Bank Of Canada set a $70.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Monday, May 15th. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 target price on the stock in a report on Friday, July 14th. They noted that the move was a valuation call. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a report on Thursday, July 6th. Finally, BidaskClub upgraded shares of Ross Stores from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $69.41.

In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the transaction, the director now owns 4,967 shares in the company, valued at approximately $314,063.41. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by company insiders.

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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