Pioneer Investment Management Inc. increased its position in Ross Stores, Inc. (NASDAQ:ROST) by 13.2% during the second quarter, Holdings Channel reports. The firm owned 3,193,906 shares of the apparel retailer’s stock after buying an additional 373,422 shares during the period. Pioneer Investment Management Inc.’s holdings in Ross Stores were worth $184,385,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its stake in Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares during the period. TrimTabs Asset Management LLC increased its stake in Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after buying an additional 776 shares during the period. Parkside Financial Bank & Trust increased its stake in Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares during the period. Parallel Advisors LLC increased its stake in Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after buying an additional 478 shares during the period. Finally, Nikko Asset Management Americas Inc. bought a new stake in Ross Stores during the first quarter worth about $112,000. Institutional investors and hedge funds own 91.37% of the company’s stock.

Ross Stores, Inc. (ROST) opened at 55.40 on Tuesday. The stock has a 50 day moving average of $56.36 and a 200-day moving average of $63.03. The company has a market capitalization of $21.56 billion, a price-to-earnings ratio of 18.98 and a beta of 1.10. Ross Stores, Inc. has a 52-week low of $52.91 and a 52-week high of $69.81.

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

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A number of research firms recently issued reports on ROST. Royal Bank Of Canada set a $67.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a report on Monday, June 19th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Wednesday, July 12th. William Blair restated an “outperform” rating on shares of Ross Stores in a report on Monday, May 22nd. BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the stock a “hold” rating in a report on Friday, May 19th. Finally, Morgan Stanley restated an “overweight” rating and set a $69.00 price objective on shares of Ross Stores in a report on Monday, May 22nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.41.

In related news, Director Sharon D. Garrett sold 16,130 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were 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 directly owns 4,967 shares of the company’s stock, valued at approximately $314,063.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.

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.

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

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