Tokio Marine Asset Management Co. Ltd. reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 22.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,190 shares of the apparel retailer’s stock after selling 933 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Ross Stores were worth $206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROST. Balentine LLC lifted its position in shares of Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after purchasing an additional 61 shares in the last quarter. Acrospire Investment Management LLC lifted its position in shares of Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after purchasing an additional 1,000 shares in the last quarter. Welch Group LLC lifted its position in shares of Ross Stores by 35.2% during the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock worth $159,000 after purchasing an additional 716 shares in the last quarter. Finally, Sun Life Financial INC lifted its position in shares of Ross Stores by 20,314.3% during the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock worth $165,000 after purchasing an additional 2,844 shares in the last quarter. Institutional investors own 90.36% of the company’s stock.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $64.14 on Tuesday. The firm has a market cap of $24,728.02, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.99 and a beta of 1.10. Ross Stores, Inc. has a twelve month low of $52.85 and a twelve month high of $69.81. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The firm’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 earnings per share. sell-side analysts anticipate that Ross Stores, Inc. will post 3.22 EPS for the current fiscal year.

WARNING: This report was originally posted by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.watchlistnews.com/tokio-marine-asset-management-co-ltd-decreases-holdings-in-ross-stores-inc-rost/1685184.html.

In other news, insider Brian R. Morrow sold 6,157 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on ROST. Jefferies Group LLC reissued a “hold” rating and set a $63.00 target price on shares of Ross Stores in a research report on Tuesday, September 12th. MKM Partners boosted their target price on shares of Ross Stores from $77.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, July 12th. Royal Bank Of Canada reissued a “hold” rating and set a $62.00 target price on shares of Ross Stores in a research report on Monday, September 18th. Finally, J P Morgan Chase & Co raised shares of Ross Stores from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $74.00 in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $70.21.

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.

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

Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.