LS Investment Advisors LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 8.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,237 shares of the apparel retailer’s stock after buying an additional 897 shares during the period. LS Investment Advisors LLC’s holdings in Ross Stores were worth $649,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America increased its stake 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 in the last quarter. Alpha Windward LLC increased its stake 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 in the last quarter. Cullen Frost Bankers Inc. increased its stake 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 in the last quarter. Stephens Inc. AR increased its stake in Ross Stores by 0.9% in the first quarter. Stephens Inc. AR now owns 10,916 shares of the apparel retailer’s stock worth $719,000 after buying an additional 97 shares in the last quarter. Finally, First Heartland Consultants Inc. increased its stake in Ross Stores by 1.7% in the first quarter. First Heartland Consultants Inc. now owns 6,102 shares of the apparel retailer’s stock worth $402,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 90.09% of the company’s stock.

Ross Stores, Inc. (ROST) opened at 54.03 on Wednesday. Ross Stores, Inc. has a 12 month low of $52.91 and a 12 month high of $69.81. The company’s 50-day moving average price is $57.60 and its 200 day moving average price is $63.53. The firm has a market capitalization of $21.03 billion, a PE ratio of 18.51 and a beta of 1.12.

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 consensus estimate of $0.80 by $0.02. Ross Stores had a return on equity of 42.56% and a net margin of 8.77%. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the business earned $0.73 earnings per share. Ross Stores’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, equities research analysts predict that Ross Stores, Inc. will post $3.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Tuesday, June 6th were paid a $0.16 dividend. The ex-dividend date was Friday, June 2nd. This represents a $0.64 annualized dividend and a yield of 1.18%. Ross Stores’s payout ratio is 21.92%.

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A number of research firms recently commented on ROST. BMO Capital Markets set a $65.00 price objective on Ross Stores and gave the company a “hold” rating in a report on Friday, May 19th. William Blair reissued an “outperform” rating on shares of Ross Stores in a research note on Monday, May 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $63.00 target price on shares of Ross Stores in a research note on Tuesday, May 16th. Royal Bank Of Canada set a $70.00 target price on Ross Stores and gave the company a “hold” rating in a research note on Monday, May 15th. Finally, Zacks Investment Research cut Ross Stores from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $69.23.

In related 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 value of $1,019,899.90. Following the transaction, the director now owns 4,967 shares in the company, valued at $314,063.41. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently 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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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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