Optimum Investment Advisors lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,368 shares of the apparel retailer’s stock after selling 2,900 shares during the period. Optimum Investment Advisors’ holdings in Ross Stores were worth $734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ROST. Global X Management Co. LLC boosted its holdings in Ross Stores by 36.2% during the second quarter. Global X Management Co. LLC now owns 3,734 shares of the apparel retailer’s stock worth $216,000 after buying an additional 993 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Ross Stores by 3.9% during the second quarter. Canada Pension Plan Investment Board now owns 223,284 shares of the apparel retailer’s stock worth $12,890,000 after buying an additional 8,406 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Ross Stores by 6.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,318,816 shares of the apparel retailer’s stock worth $76,136,000 after buying an additional 78,783 shares during the last quarter. First Trust Advisors LP boosted its holdings in Ross Stores by 2.3% during the second quarter. First Trust Advisors LP now owns 360,105 shares of the apparel retailer’s stock worth $20,789,000 after buying an additional 8,114 shares during the last quarter. Finally, Alps Advisors Inc. boosted its holdings in Ross Stores by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock worth $411,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 90.93% of the company’s stock.

A number of brokerages have issued reports on ROST. Royal Bank of Canada restated a “hold” rating and set a $62.00 target price on shares of Ross Stores in a report on Monday, September 18th. Wolfe Research dropped their price target on Ross Stores from $76.00 to $73.00 and set an “outperform” rating on the stock in a research report on Friday, August 18th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Bank of America reaffirmed a “buy” rating and set a $80.00 price target on shares of Ross Stores in a research report on Sunday, August 20th. Finally, Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $73.71.

In related news, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.30% of the stock is currently owned by company insiders.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $75.51 on Friday. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $78.81. The stock has a market capitalization of $28,860.00, a P/E ratio of 24.41, a P/E/G ratio of 2.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $0.62 EPS. Ross Stores’s revenue for the quarter was up 7.8% compared to the same quarter last year. equities analysts expect that Ross Stores, Inc. will post 3.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 1st will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Thursday, November 30th. Ross Stores’s dividend payout ratio is presently 20.45%.

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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.

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

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