Capital Planning Advisors LLC boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 46.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,281 shares of the apparel retailer’s stock after buying an additional 4,859 shares during the period. Capital Planning Advisors LLC’s holdings in Ross Stores were worth $1,007,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Asset Management Inc. raised its stake in Ross Stores by 13.6% in the first quarter. Rothschild Asset Management Inc. now owns 12,524 shares of the apparel retailer’s stock valued at $825,000 after buying an additional 1,498 shares during the period. Legal & General Group Plc raised its stake in Ross Stores by 6.9% in the first quarter. Legal & General Group Plc now owns 1,962,797 shares of the apparel retailer’s stock valued at $129,295,000 after buying an additional 126,836 shares during the period. WINTON GROUP Ltd raised its stake in Ross Stores by 882.7% in the first quarter. WINTON GROUP Ltd now owns 355,852 shares of the apparel retailer’s stock valued at $22,881,000 after buying an additional 319,640 shares during the period. Stephens Inc. AR raised its stake in Ross Stores by 0.9% in the first quarter. Stephens Inc. AR now owns 10,916 shares of the apparel retailer’s stock valued at $719,000 after buying an additional 97 shares during the period. Finally, Origin Asset Management LLP raised its stake in Ross Stores by 6.8% in the first quarter. Origin Asset Management LLP now owns 257,315 shares of the apparel retailer’s stock valued at $16,949,000 after buying an additional 16,459 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Ross Stores, Inc. (NASDAQ ROST) traded down 2.72% during midday trading on Tuesday, reaching $59.00. 1,289,264 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $62.90 and a 200 day moving average price of $65.53. Ross Stores, Inc. has a 12 month low of $52.75 and a 12 month high of $69.81. The company has a market cap of $22.96 billion, a P/E ratio of 20.21 and a beta of 1.07.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%. The firm had revenue of $3.31 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Equities research analysts forecast that Ross Stores, Inc. will post $3.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, June 2nd. Ross Stores’s dividend payout ratio is presently 21.92%.

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Several research firms have issued reports on ROST. Royal Bank Of Canada set a $67.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a research report on Monday. BidaskClub lowered shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research report on Saturday. Morgan Stanley reissued an “overweight” rating and issued a $69.00 price objective on shares of Ross Stores in a research report on Monday, May 22nd. William Blair reissued an “outperform” rating on shares of Ross Stores in a research report on Monday, May 22nd. Finally, BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research report on Friday, May 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $69.82.

In other news, CEO Barbara Rentler sold 50,481 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The stock was sold at an average price of $66.10, for a total transaction of $3,336,794.10. Following the sale, the chief executive officer now directly owns 546,604 shares in the company, valued at $36,130,524.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Brian R. Morrow sold 3,004 shares of the company’s stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $63.16, for a total value of $189,732.64. Following the sale, the insider now owns 121,712 shares in the company, valued at $7,687,329.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,237 shares of company stock worth $7,507,696. Company insiders own 2.30% of the company’s stock.

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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