Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809,817 shares of the apparel retailer’s stock after selling 22,240 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.21% of Ross Stores worth $46,751,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America raised 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 valued at $101,000 after buying an additional 10 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after buying an additional 776 shares during the period. Parallel Advisors LLC raised its stake in Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after buying an additional 478 shares during the period. Parkside Financial Bank & Trust raised its stake 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 worth $108,000 after buying an additional 61 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Ross Stores during the first quarter worth approximately $171,000. Institutional investors own 89.63% of the company’s stock.

Shares of Ross Stores, Inc. (ROST) opened at 58.69 on Wednesday. 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 of $55.44 and a 200 day moving average of $61.85. The firm has a market capitalization of $22.48 billion, a P/E ratio of 19.38 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 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. Equities research analysts anticipate that Ross Stores, Inc. will post $3.23 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 7th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, September 6th. This represents a $0.64 annualized dividend and a yield of 1.09%. Ross Stores’s dividend payout ratio (DPR) is 21.12%.

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ROST has been the topic of several research reports. Zacks Investment Research downgraded Ross Stores from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Royal Bank Of Canada set a $70.00 price objective on Ross Stores and gave the stock a “hold” rating in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and set a $63.00 price objective on shares of Ross Stores in a report on Tuesday, May 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $69.00 price objective on shares of Ross Stores in a report on Monday, May 22nd. Finally, William Blair reaffirmed an “outperform” rating on shares of Ross Stores in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.28.

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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