Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 8.6% during the second quarter, Holdings Channel reports. The institutional investor owned 74,860 shares of the apparel retailer’s stock after selling 7,036 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ross Stores were worth $4,322,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ROST. Guardian Life Insurance Co. of America raised its position 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 last quarter. Alpha Windward LLC raised its position in Ross Stores by 0.8% in the first quarter. Alpha Windward LLC now owns 2,974 shares of the apparel retailer’s stock worth $196,000 after buying an additional 23 shares during the last quarter. First Heartland Consultants Inc. raised its position in Ross Stores by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock worth $354,000 after buying an additional 34 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Ross Stores by 0.8% in the first quarter. Cullen Frost Bankers Inc. now owns 5,141 shares of the apparel retailer’s stock worth $339,000 after buying an additional 41 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position 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 last quarter. 91.37% of the stock is owned by institutional investors.

Ross Stores, Inc. (NASDAQ:ROST) opened at 55.56 on Friday. The firm has a market capitalization of $21.62 billion, a P/E ratio of 19.03 and a beta of 1.10. Ross Stores, Inc. has a one year low of $52.91 and a one year high of $69.81. The stock has a 50 day moving average price of $55.47 and a 200 day moving average price of $62.49.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $3.31 billion for the quarter, compared to analysts’ expectations 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 last year, the firm posted $0.73 earnings per share. On average, equities analysts predict that Ross Stores, Inc. will post $3.16 EPS for the current fiscal year.

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A number of equities analysts have recently commented on ROST shares. BMO Capital Markets reiterated a “hold” rating and issued a $72.00 price objective on shares of Ross Stores in a research note on Tuesday, April 18th. Zacks Investment Research lowered 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 objective on Ross Stores and gave the stock a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “hold” rating and issued a $63.00 price objective on shares of Ross Stores in a research note on Tuesday, May 16th. Finally, Telsey Advisory Group dropped their price objective on Ross Stores from $77.00 to $70.00 and set a “market perform” rating on the stock in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Ross Stores presently has a consensus rating of “Hold” and a consensus target price of $69.41.

In related news, Director Sharon D. Garrett sold 16,130 shares of Ross Stores 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 transaction, the director now directly owns 4,967 shares of the company’s stock, valued at $314,063.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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