Forsta AP Fonden boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 20.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 527,629 shares of the apparel retailer’s stock after purchasing an additional 90,600 shares during the period. Ross Stores makes up approximately 1.7% of Forsta AP Fonden’s portfolio, making the stock its 11th biggest holding. Forsta AP Fonden owned approximately 0.14% of Ross Stores worth $44,717,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ROST. Rockefeller Capital Management L.P. acquired a new stake in shares of Ross Stores in the first quarter worth $116,256,000. Voya Investment Management LLC increased its position in shares of Ross Stores by 379.2% in the second quarter. Voya Investment Management LLC now owns 1,769,749 shares of the apparel retailer’s stock worth $149,986,000 after acquiring an additional 1,400,405 shares in the last quarter. Marshall Wace LLP increased its position in shares of Ross Stores by 3,515.8% in the second quarter. Marshall Wace LLP now owns 789,183 shares of the apparel retailer’s stock worth $66,883,000 after acquiring an additional 767,357 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Ross Stores by 15.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 5,360,522 shares of the apparel retailer’s stock worth $454,305,000 after acquiring an additional 724,764 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Ross Stores by 70.2% in the second quarter. Jennison Associates LLC now owns 1,710,090 shares of the apparel retailer’s stock worth $144,930,000 after acquiring an additional 705,317 shares in the last quarter. 87.48% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Ross Stores in a research report on Tuesday. They issued an “equal weight” rating and a $106.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Ross Stores in a research report on Monday, September 3rd. They issued a “neutral” rating and a $104.00 price objective for the company. Loop Capital increased their price objective on shares of Ross Stores to $100.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Wells Fargo & Co increased their price objective on shares of Ross Stores from $86.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 23rd. Finally, Nomura increased their price objective on shares of Ross Stores from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, August 24th. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.17.

ROST opened at $97.10 on Friday. The firm has a market cap of $37.07 billion, a P/E ratio of 29.10, a PEG ratio of 2.40 and a beta of 1.11. Ross Stores, Inc. has a twelve month low of $59.95 and a twelve month high of $98.70. The company has a quick ratio of 0.85, a current ratio of 1.71 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.66 billion. Ross Stores had a net margin of 10.41% and a return on equity of 47.56%. The business’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. equities analysts forecast that Ross Stores, Inc. will post 4.1 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Thursday, September 13th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Wednesday, September 12th. Ross Stores’s payout ratio is 26.95%.

In other Ross Stores news, insider James S. Fassio sold 175,769 shares of the firm’s stock in a transaction on Thursday, June 21st. The shares were sold at an average price of $86.57, for a total transaction of $15,216,322.33. Following the completion of the transaction, the insider now directly owns 82,899 shares of the company’s stock, valued at approximately $7,176,566.43. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Norman A. Ferber sold 10,144 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $94.90, for a total transaction of $962,665.60. Following the transaction, the director now directly owns 25,127 shares of the company’s stock, valued at $2,384,552.30. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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

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