Laurion Capital Management LP raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3,168.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,900 shares of the apparel retailer’s stock after acquiring an additional 152,100 shares during the quarter. Laurion Capital Management LP’s holdings in Ross Stores were worth $9,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stevens Capital Management LP lifted its holdings in Ross Stores by 608.2% in the 2nd quarter. Stevens Capital Management LP now owns 121,087 shares of the apparel retailer’s stock valued at $6,990,000 after acquiring an additional 103,990 shares during the last quarter. Formidable Asset Management LLC lifted its holdings in Ross Stores by 2.5% in the 2nd quarter. Formidable Asset Management LLC now owns 13,850 shares of the apparel retailer’s stock valued at $800,000 after acquiring an additional 343 shares during the last quarter. BT Investment Management Ltd acquired a new stake in Ross Stores in the 2nd quarter valued at about $2,772,000. Destination Wealth Management lifted its holdings in Ross Stores by 0.7% in the 2nd quarter. Destination Wealth Management now owns 110,578 shares of the apparel retailer’s stock valued at $6,384,000 after acquiring an additional 762 shares during the last quarter. Finally, BlueMountain Capital Management LLC lifted its holdings in Ross Stores by 193.8% in the 2nd quarter. BlueMountain Capital Management LLC now owns 42,066 shares of the apparel retailer’s stock valued at $2,428,000 after acquiring an additional 27,747 shares during the last quarter. 89.62% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on ROST shares. Telsey Advisory Group cut their price target on shares of Ross Stores from $77.00 to $70.00 and set a “market perform” rating for the company in a report on Friday, May 19th. BMO Capital Markets set a $65.00 price target on shares of Ross Stores and gave the company a “hold” rating in a report on Friday, May 19th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $67.00 price target (down from $70.00) on shares of Ross Stores in a report on Friday, May 19th. William Blair reissued an “outperform” rating on shares of Ross Stores in a report on Monday, May 22nd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $69.00 price target on shares of Ross Stores in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $70.00.

In other news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

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Shares of Ross Stores, Inc. (ROST) traded up 0.18% during trading on Friday, hitting $60.71. The stock had a trading volume of 3,528,360 shares. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 20.05 and a beta of 1.09. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $69.81. The firm has a 50 day moving average of $57.43 and a 200 day moving average of $60.95.

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

The firm 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 dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, September 6th. Ross Stores’s dividend payout ratio (DPR) is presently 21.12%.

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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