AMF Pensionsforsakring AB maintained its position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 664,356 shares of the apparel retailer’s stock at the end of the second quarter. AMF Pensionsforsakring AB’s holdings in Ross Stores were worth $43,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Pension Service increased its position in shares of Ross Stores by 4.3% in the first quarter. National Pension Service now owns 355,177 shares of the apparel retailer’s stock valued at $23,658,000 after buying an additional 14,712 shares during the last quarter. Gulf International Bank UK Ltd boosted its stake in Ross Stores by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 124,802 shares of the apparel retailer’s stock valued at $8,220,000 after buying an additional 1,500 shares during the period. Creative Planning boosted its stake in Ross Stores by 6.4% in the first quarter. Creative Planning now owns 13,856 shares of the apparel retailer’s stock valued at $913,000 after buying an additional 832 shares during the period. Raymond James Trust N.A. boosted its stake in Ross Stores by 3.7% in the first quarter. Raymond James Trust N.A. now owns 20,789 shares of the apparel retailer’s stock valued at $1,369,000 after buying an additional 748 shares during the period. Finally, Chevy Chase Trust Holdings Inc. boosted its stake in Ross Stores by 2.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 341,873 shares of the apparel retailer’s stock valued at $22,519,000 after buying an additional 8,038 shares during the period. 90.09% of the stock is currently owned by institutional investors.

Ross Stores, Inc. (ROST) traded up 2.41% during trading on Tuesday, hitting $54.35. The stock had a trading volume of 2,215,655 shares. The stock’s 50-day moving average is $57.60 and its 200-day moving average is $63.53. Ross Stores, Inc. has a 52-week low of $52.91 and a 52-week high of $69.81. The stock has a market capitalization of $21.15 billion, a PE ratio of 18.62 and a beta of 1.12.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.27 billion. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. On average, analysts predict that Ross Stores, Inc. will post $3.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 6th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.21%. The ex-dividend date was Friday, June 2nd. Ross Stores’s dividend payout ratio is presently 21.92%.

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ROST has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Ross Stores from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Royal Bank Of Canada set a $70.00 price target on shares of Ross Stores and gave the company a “hold” rating in a report on Monday, April 3rd. BidaskClub cut shares of Ross Stores from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Morgan Stanley reiterated an “overweight” rating and issued a $69.00 price target on shares of Ross Stores in a report on Monday, May 22nd. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target on the stock in a report on Friday, July 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $69.23.

In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the completion of the sale, the director now owns 4,967 shares of the company’s stock, valued at $314,063.41. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.30% of the stock is currently owned by company 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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