Vanguard Group Inc. raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,146,781 shares of the apparel retailer’s stock after purchasing an additional 686,186 shares during the quarter. Vanguard Group Inc. owned approximately 9.29% of Ross Stores worth $2,086,753,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ROST. UBS Asset Management Americas Inc. grew its stake in Ross Stores by 5.3% in the first quarter. UBS Asset Management Americas Inc. now owns 3,921,234 shares of the apparel retailer’s stock valued at $258,292,000 after purchasing an additional 196,722 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Ross Stores by 6.5% during the 1st quarter. Norinchukin Bank The now owns 25,611 shares of the apparel retailer’s stock worth $1,687,000 after acquiring an additional 1,552 shares during the period. Twin Capital Management Inc. boosted its stake in shares of Ross Stores by 20.9% during the 1st quarter. Twin Capital Management Inc. now owns 70,061 shares of the apparel retailer’s stock worth $4,615,000 after acquiring an additional 12,133 shares during the period. TrimTabs Asset Management LLC boosted its stake in shares of Ross Stores by 89.2% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after acquiring an additional 776 shares during the period. Finally, Mandatum Life Insurance Co Ltd boosted its stake in shares of Ross Stores by 12.7% during the 1st quarter. Mandatum Life Insurance Co Ltd now owns 62,145 shares of the apparel retailer’s stock worth $4,093,000 after acquiring an additional 7,020 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.

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In related news, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.30% of the company’s stock.

Ross Stores, Inc. (NASDAQ:ROST) traded up 0.10% during trading on Friday, hitting $60.97. 154,845 shares of the stock traded hands. The firm has a 50-day moving average price of $57.77 and a 200 day moving average price of $60.76. The firm has a market cap of $23.51 billion, a PE ratio of 20.14 and a beta of 1.09. Ross Stores, Inc. has a 12 month low of $52.85 and a 12 month high of $69.81.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. Ross Stores’s revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.71 earnings per share. On average, equities analysts forecast that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. Ross Stores’s dividend payout ratio (DPR) is presently 21.12%.

Several analysts recently weighed in on ROST shares. Instinet reissued a “buy” rating and set a $74.00 price target on shares of Ross Stores in a report on Sunday, August 20th. Zacks Investment Research cut Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. BidaskClub lowered Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Credit Suisse Group reiterated a “neutral” rating and issued a $64.00 price target (down previously from $70.00) on shares of Ross Stores in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $75.00 price target on shares of Ross Stores in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.68.

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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