MML Investors Services LLC lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,013 shares of the apparel retailer’s stock after selling 513 shares during the quarter. MML Investors Services LLC’s holdings in Ross Stores were worth $520,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America increased its stake in shares of Ross Stores by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock valued at $101,000 after acquiring an additional 10 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Ross Stores by 39.1% in the 1st quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock valued at $111,000 after acquiring an additional 478 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Ross Stores by 3.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock valued at $108,000 after acquiring an additional 61 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Ross Stores by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock valued at $115,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of Ross Stores by 28.8% in the 1st quarter. Global X Management Co. LLC now owns 2,741 shares of the apparel retailer’s stock valued at $181,000 after acquiring an additional 613 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.

ROST has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, August 21st. Instinet reiterated a “buy” rating and issued a $74.00 price objective on shares of Ross Stores in a research note on Sunday, August 20th. UBS AG lowered their price objective on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, August 18th. Telsey Advisory Group upgraded shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Friday, July 14th. They noted that the move was a valuation call. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $80.00 price objective on shares of Ross Stores in a research note on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $70.16.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at 64.84 on Thursday. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $69.81. The stock has a 50 day moving average of $57.77 and a 200 day moving average of $60.76. The company has a market cap of $25.00 billion, a price-to-earnings ratio of 21.41 and a beta of 1.09.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results 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. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts forecast that Ross Stores, Inc. will post $3.23 EPS for the current year.

The business also recently declared 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 is Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 0.99%. Ross Stores’s payout ratio is presently 21.12%.

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

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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