Bessemer Group Inc. increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 20,097 shares of the apparel retailer’s stock after buying an additional 321 shares during the period. Bessemer Group Inc.’s holdings in Ross Stores were worth $1,160,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Rothschild Asset Management Inc. raised its stake in shares of Ross Stores by 28.8% in the second quarter. Rothschild Asset Management Inc. now owns 16,127 shares of the apparel retailer’s stock valued at $931,000 after buying an additional 3,603 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in shares of Ross Stores by 6.0% in the second quarter. Bbva Compass Bancshares Inc. now owns 4,670 shares of the apparel retailer’s stock valued at $270,000 after buying an additional 263 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Ross Stores by 20.9% in the second quarter. Great West Life Assurance Co. Can now owns 661,872 shares of the apparel retailer’s stock valued at $38,159,000 after buying an additional 114,590 shares during the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after buying an additional 61 shares during the last quarter. Finally, Taylor Cottrill Erickson & Associates Inc. raised its stake in shares of Ross Stores by 1.0% in the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 14,541 shares of the apparel retailer’s stock valued at $839,000 after buying an additional 150 shares during the last quarter. Institutional investors own 90.20% of the company’s stock.

Shares of Ross Stores, Inc. (ROST) opened at 54.77 on Tuesday. The stock’s 50 day moving average is $55.42 and its 200-day moving average is $62.36. Ross Stores, Inc. has a 12-month low of $52.91 and a 12-month high of $69.81. The company has a market capitalization of $21.32 billion, a P/E ratio of 18.76 and a beta of 1.10.

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

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A number of research firms recently weighed in on ROST. BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research note on Tuesday, August 8th. Credit Suisse Group reiterated a “neutral” rating and issued a $64.00 price objective (down from $70.00) on shares of Ross Stores in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub upgraded shares of Ross Stores from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Friday, July 14th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently 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 company’s stock in a transaction on 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 completion of the transaction, the director now owns 4,967 shares in the company, valued at $314,063.41. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by corporate 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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