Ross Stores, Inc. (NASDAQ:ROST) Shares Bought by Bbva Compass Bancshares Inc.
Bbva Compass Bancshares Inc. boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 6.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,670 shares of the apparel retailer’s stock after buying an additional 263 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Ross Stores were worth $270,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in ROST. Creative Planning raised its position in shares of Ross Stores by 6.4% in the first quarter. Creative Planning now owns 13,856 shares of the apparel retailer’s stock valued at $913,000 after buying an additional 832 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Ross Stores by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 124,802 shares of the apparel retailer’s stock valued at $8,220,000 after buying an additional 1,500 shares during the period. National Pension Service raised its position in shares of Ross Stores by 4.3% in the first quarter. National Pension Service now owns 355,177 shares of the apparel retailer’s stock valued at $23,658,000 after buying an additional 14,712 shares during the period. Carroll Financial Associates Inc. raised its position in shares of Ross Stores by 16.1% in the first quarter. Carroll Financial Associates Inc. now owns 3,025 shares of the apparel retailer’s stock valued at $199,000 after buying an additional 420 shares during the period. Finally, TNB Financial purchased a new position in shares of Ross Stores during the first quarter valued at about $222,000. 91.37% of the stock is owned by institutional investors.
Shares of Ross Stores, Inc. (ROST) opened at 56.04 on Thursday. The company has a market capitalization of $21.81 billion, a PE ratio of 19.20 and a beta of 1.10. The stock has a 50 day moving average of $55.54 and a 200-day moving average of $62.61. Ross Stores, Inc. has a one year low of $52.91 and a one year high of $69.81.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the previous year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Ross Stores, Inc. will post $3.16 earnings per share for the current fiscal year.
ROST has been the subject of several research analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $72.00 price target on shares of Ross Stores in a report on Tuesday, April 18th. Zacks Investment Research lowered shares of Ross Stores from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada set a $70.00 price target on shares of Ross Stores and gave the company a “hold” rating in a report on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and issued a $63.00 price target on shares of Ross Stores in a report on Tuesday, May 16th. Finally, Telsey Advisory Group reduced their target price on shares of Ross Stores from $77.00 to $70.00 and set a “market perform” rating for the company in a research note on Friday, May 19th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Ross Stores has an average rating of “Hold” and an average price target of $69.41.
In related news, Director Sharon D. Garrett sold 16,130 shares of the business’s 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 directly owns 4,967 shares in the company, valued at $314,063.41. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is currently owned by insiders.
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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