Messner & Smith Theme Value Investment Management Ltd. CA decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,669 shares of the apparel retailer’s stock after selling 370 shares during the quarter. Messner & Smith Theme Value Investment Management Ltd. CA’s holdings in Ross Stores were worth $789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America raised its stake in Ross Stores by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after acquiring an additional 10 shares during the period. Parallel Advisors LLC raised its stake in Ross Stores by 39.1% during the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after acquiring an additional 478 shares during the period. Parkside Financial Bank & Trust raised its stake in Ross Stores by 3.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after acquiring an additional 61 shares during the period. Acrospire Investment Management LLC raised its stake in Ross Stores by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after acquiring an additional 1,000 shares during the period. Finally, Global X Management Co. LLC raised its stake in Ross Stores by 28.8% during the first quarter. Global X Management Co. LLC now owns 2,741 shares of the apparel retailer’s stock worth $181,000 after acquiring an additional 613 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.

ROST has been the topic of several research reports. BidaskClub lowered shares of Ross Stores from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Royal Bank Of Canada set a $67.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Wednesday, July 12th. BMO Capital Markets set a $65.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research report on Thursday, July 6th. Finally, Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Friday, July 14th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $69.68.

Ross Stores, Inc. (NASDAQ:ROST) traded down 0.03% during mid-day trading on Friday, reaching $60.89. 1,644,545 shares of the company traded hands. The firm has a market cap of $23.48 billion, a PE ratio of 20.11 and a beta of 1.09. The stock’s 50-day moving average price is $57.77 and its 200-day moving average price is $60.76. Ross Stores, Inc. has a one year low of $52.85 and a one year high of $69.81.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 7th will be given 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 is 21.12%.

In other news, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total transaction of $945,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by insiders.

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Ross Stores 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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