USS Investment Management Ltd boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 16.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,300 shares of the apparel retailer’s stock after buying an additional 13,600 shares during the period. USS Investment Management Ltd’s holdings in Ross Stores were worth $5,675,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of ROST. Herndon Capital Management LLC raised its position in shares of 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 buying an additional 93,559 shares in the last quarter. Mechanics Bank Trust Department raised its position in shares of 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 buying an additional 315 shares in the last quarter. Bedrijfstakpensioenfonds Voor DE Media PNO bought a new position in shares of Ross Stores during the second quarter worth $1,581,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Ross Stores during the second quarter worth $968,000. Finally, Marshall Wace North America L.P. raised its position in shares of 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 buying an additional 262,946 shares in the last quarter. Institutional investors and hedge funds own 90.20% of the company’s stock.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at 59.38 on Friday. The stock has a 50 day moving average of $55.44 and a 200 day moving average of $61.85. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The stock has a market cap of $22.74 billion, a P/E ratio of 19.61 and a beta of 1.10.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.08%. Ross Stores’s dividend payout ratio (DPR) is 21.12%.

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A number of brokerages recently weighed in on ROST. Zacks Investment Research lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank AG restated a “buy” rating and set a $75.00 target price on shares of Ross Stores in a research report on Monday, August 21st. Bank of America Corporation restated a “buy” rating and set a $80.00 target price on shares of Ross Stores in a research report on Sunday, August 20th. Instinet restated a “buy” rating and set a $74.00 target price on shares of Ross Stores in a research report on Sunday, August 20th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $65.00 target price (down previously from $68.00) on shares of Ross Stores in a research report on Sunday, August 20th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Ross Stores has an average rating of “Buy” and an average price target of $69.28.

Ross Stores Company 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.

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

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