Schroder Investment Management Group grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 29.3% during the second quarter, Holdings Channel reports. The institutional investor owned 399,256 shares of the apparel retailer’s stock after buying an additional 90,481 shares during the quarter. Schroder Investment Management Group’s holdings in Ross Stores were worth $33,976,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Global X Management Co LLC lifted its holdings in shares of Ross Stores by 191.1% in the 2nd quarter. Global X Management Co LLC now owns 9,542 shares of the apparel retailer’s stock worth $809,000 after purchasing an additional 6,264 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Ross Stores by 30.9% in the 2nd quarter. California Public Employees Retirement System now owns 1,256,946 shares of the apparel retailer’s stock worth $106,526,000 after purchasing an additional 296,550 shares during the last quarter. BTC Capital Management Inc. lifted its holdings in shares of Ross Stores by 9.9% in the 2nd quarter. BTC Capital Management Inc. now owns 49,417 shares of the apparel retailer’s stock worth $4,183,000 after purchasing an additional 4,456 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Ross Stores by 0.6% in the 2nd quarter. Glenmede Trust Co. NA now owns 1,538,441 shares of the apparel retailer’s stock worth $130,383,000 after purchasing an additional 9,112 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Ross Stores in the 2nd quarter worth approximately $188,000. 87.46% of the stock is currently owned by institutional investors.

In other news, Director Norman A. Ferber sold 10,144 shares of Ross Stores 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 in the company, valued at approximately $2,384,552.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by insiders.

Several analysts recently issued reports on ROST shares. SunTrust Banks raised their price target on Ross Stores to $103.00 and gave the stock a “buy” rating in a report on Friday, August 24th. Wedbush started coverage on Ross Stores in a report on Friday, June 22nd. They issued a “neutral” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. cut their price target on Ross Stores from $98.00 to $96.00 and set an “overweight” rating on the stock in a report on Friday, August 24th. Wells Fargo & Co raised their price target on Ross Stores from $86.00 to $105.00 and gave the stock an “outperform” rating in a report on Friday, August 24th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Ross Stores in a report on Wednesday, July 25th. Eleven investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and an average price target of $95.17.

Shares of Ross Stores stock opened at $97.49 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71. The firm has a market cap of $36.40 billion, a price-to-earnings ratio of 29.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.11. Ross Stores, Inc. has a 1-year low of $60.31 and a 1-year high of $98.70.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 0.92%. The ex-dividend date is Wednesday, September 12th. Ross Stores’s payout ratio is currently 26.95%.

Ross Stores Company Profile

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.

Further Reading: Average Daily Trade Volume Explained

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

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