Trustmark National Bank Trust Department reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 7.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the apparel retailer’s stock after selling 2,278 shares during the quarter. Trustmark National Bank Trust Department’s holdings in Ross Stores were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America raised its position 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 purchasing an additional 10 shares during the period. Alps Advisors Inc. raised its position in Ross Stores by 0.3% in the second quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock valued at $411,000 after purchasing an additional 19 shares during the period. First Heartland Consultants Inc. raised its position in Ross Stores by 0.6% in the second quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock valued at $354,000 after purchasing an additional 34 shares during the period. Parkside Financial Bank & Trust raised its position 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 valued at $108,000 after purchasing an additional 61 shares during the period. Finally, New Amsterdam Partners LLC NY raised its position in Ross Stores by 0.8% in the second quarter. New Amsterdam Partners LLC NY now owns 8,375 shares of the apparel retailer’s stock valued at $483,000 after purchasing an additional 64 shares during the period. 90.40% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores, Inc. (NASDAQ:ROST) traded up 0.05% during trading on Tuesday, reaching $60.84. The company had a trading volume of 997,532 shares. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $69.81. The firm has a 50-day moving average price of $57.60 and a 200 day moving average price of $60.80. The stock has a market cap of $23.46 billion, a P/E ratio of 20.09 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Equities research analysts predict that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. Ross Stores’s payout ratio is 21.12%.

ROST has been the topic of several research reports. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Monday, August 21st. Instinet reissued a “buy” rating and issued a $74.00 price objective on shares of Ross Stores in a research report on Sunday, August 20th. UBS AG cut their price objective on Ross Stores from $70.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, August 18th. Telsey Advisory Group raised Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Friday, July 14th. They noted that the move was a valuation call. Finally, Bank of America Corporation reissued a “buy” rating and issued a $80.00 price objective on shares of Ross Stores in a research report on Sunday, August 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $69.74.

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

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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.

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

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