TD Asset Management Inc. Has $34.48 Million Stake in Ross Stores, Inc. (ROST)
TD Asset Management Inc. increased its position in Ross Stores, Inc. (NASDAQ:ROST) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 597,311 shares of the apparel retailer’s stock after buying an additional 10,805 shares during the period. TD Asset Management Inc.’s holdings in Ross Stores were worth $34,483,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Creative Planning boosted its stake in shares of Ross Stores by 6.4% in the first quarter. Creative Planning now owns 13,856 shares of the apparel retailer’s stock worth $913,000 after buying an additional 832 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of 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 worth $8,220,000 after buying an additional 1,500 shares during the period. National Pension Service boosted its stake 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 worth $23,658,000 after buying an additional 14,712 shares during the period. Carroll Financial Associates Inc. boosted its stake in shares of Ross Stores by 16.1% in the first quarter. Carroll Financial Associates Inc. now owns 3,025 shares of the apparel retailer’s stock worth $199,000 after buying an additional 420 shares during the period. Finally, TNB Financial bought a new stake in shares of Ross Stores during the first quarter worth $222,000. Hedge funds and other institutional investors own 91.37% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 56.04 on Thursday. The company’s 50-day moving average price is $55.54 and its 200 day moving average price is $62.61. Ross Stores, Inc. has a 12-month low of $52.91 and a 12-month high of $69.81. The firm has a market capitalization of $21.81 billion, a price-to-earnings ratio of 19.20 and a beta of 1.10.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.02. The firm 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 firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. On average, equities research analysts forecast that Ross Stores, Inc. will post $3.16 EPS for the current fiscal year.
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ROST has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $72.00 price target on shares of Ross Stores in a research note on Tuesday, April 18th. Zacks Investment Research cut Ross Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada set a $70.00 price target on Ross Stores and gave the company a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $63.00 price target on shares of Ross Stores in a research note on Tuesday, May 16th. Finally, Telsey Advisory Group decreased their price target on Ross Stores from $77.00 to $70.00 and set a “market perform” rating for the company in a research note on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $69.41.
In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $63.23, for a total transaction 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 document filed with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate 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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