National Asset Management Inc. cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,413 shares of the apparel retailer’s stock after selling 8 shares during the period. National Asset Management Inc.’s holdings in Ross Stores were worth $256,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Herndon Capital Management LLC lifted its stake in Ross Stores by 85.6% in the second quarter. Herndon Capital Management LLC now owns 202,917 shares of the apparel retailer’s stock worth $11,715,000 after purchasing an additional 93,559 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in Ross Stores by 0.5% in the second quarter. Mechanics Bank Trust Department now owns 65,450 shares of the apparel retailer’s stock worth $3,778,000 after purchasing an additional 315 shares during the last quarter. Swiss National Bank lifted its stake in Ross Stores by 2.3% in the second quarter. Swiss National Bank now owns 1,667,592 shares of the apparel retailer’s stock worth $96,270,000 after purchasing an additional 36,700 shares during the last quarter. Marshall Wace North America L.P. lifted its stake in Ross Stores by 21.9% in the second quarter. Marshall Wace North America L.P. now owns 1,463,322 shares of the apparel retailer’s stock worth $84,873,000 after purchasing an additional 262,946 shares during the last quarter. Finally, Todd Asset Management LLC lifted its stake in Ross Stores by 6,230.4% in the second quarter. Todd Asset Management LLC now owns 224,350 shares of the apparel retailer’s stock worth $12,952,000 after purchasing an additional 220,806 shares during the last quarter. 90.34% of the stock is owned by institutional investors and hedge funds.

Shares of Ross Stores, Inc. (ROST) traded up 0.78% during trading on Tuesday, hitting $63.40. 232,888 shares of the company traded hands. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The company has a 50 day moving average price of $61.89 and a 200 day moving average price of $60.41. The company has a market capitalization of $24.45 billion, a price-to-earnings ratio of 20.94 and a beta of 1.13.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, analysts expect that Ross Stores, Inc. will post $3.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is 21.12%.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Several analysts have weighed in on ROST shares. 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 note on Monday, June 19th. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Wednesday, July 12th. BMO Capital Markets set a $65.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a research note on Thursday, July 6th. Telsey Advisory Group raised shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price target for the company in a research note on Friday, July 14th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein started coverage on shares of Ross Stores in a research note on Tuesday, September 12th. They issued an “outperform” rating and a $74.00 price target for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $70.17.

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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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