Swiss National Bank boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,674,992 shares of the apparel retailer’s stock after purchasing an additional 7,400 shares during the period. Swiss National Bank owned about 434,397.16% of Ross Stores worth $108,154,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Balentine LLC lifted its position in Ross Stores by 0.3% in the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after purchasing an additional 5 shares during the period. Alps Advisors Inc. lifted its position in Ross Stores by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock valued at $411,000 after purchasing an additional 19 shares during the period. First Heartland Consultants Inc. lifted 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 valued at $354,000 after purchasing an additional 34 shares during the period. Parkside Financial Bank & Trust lifted 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 valued at $108,000 after purchasing an additional 61 shares during the period. Finally, New Amsterdam Partners LLC NY lifted its position in Ross Stores by 0.8% in the second quarter. New Amsterdam Partners LLC NY now owns 8,375 shares of the apparel retailer’s stock valued at $483,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 90.36% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/11/11/ross-stores-inc-rost-position-raised-by-swiss-national-bank.html.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $65.76 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $69.81. The firm has a market cap of $24,897.68, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.00 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.37 billion. During the same period in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. analysts anticipate that Ross Stores, Inc. will post 3.22 earnings per share for the current year.

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

A number of brokerages recently commented on ROST. BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research report on Tuesday, August 8th. MKM Partners lifted their price target on shares of Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Wolfe Research reduced their price target on shares of Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. Cowen and Company reiterated an “outperform” rating and set a $55.00 price target on shares of Ross Stores in a research report on Friday, August 18th. Finally, Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $70.21.

Ross Stores 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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

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

Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.