Daiwa Securities Group Inc. grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 18.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,408 shares of the apparel retailer’s stock after buying an additional 3,158 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Ross Stores were worth $1,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ROST. Balentine LLC raised its stake in shares of Ross Stores by 0.3% in the 2nd quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock valued at $102,000 after acquiring an additional 5 shares in the last quarter. Alps Advisors Inc. raised its stake in shares of Ross Stores by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,118 shares of the apparel retailer’s stock valued at $411,000 after acquiring an additional 19 shares in the last quarter. First Heartland Consultants Inc. raised its stake in shares of Ross Stores by 0.6% in the 2nd quarter. First Heartland Consultants Inc. now owns 6,136 shares of the apparel retailer’s stock valued at $354,000 after acquiring an additional 34 shares in the last quarter. Parkside Financial Bank & Trust raised 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. Finally, New Amsterdam Partners LLC NY raised its stake in shares of Ross Stores by 0.8% in the 2nd quarter. New Amsterdam Partners LLC NY now owns 8,375 shares of the apparel retailer’s stock valued at $483,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $65.76 on Friday. The stock has a market capitalization of $25,356.53, a P/E ratio of 21.70, a PEG ratio of 2.04 and a beta of 1.10. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $69.81.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.37 billion. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. Ross Stores’s quarterly revenue 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. analysts predict that Ross Stores, Inc. will post 3.22 EPS for the current year.

In related news, insider Brian R. Morrow sold 6,157 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Barbara Rentler sold 15,492 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This story was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/11/12/daiwa-securities-group-inc-increases-stake-in-ross-stores-inc-rost.html.

A number of brokerages recently weighed in on ROST. Jefferies Group LLC reissued a “hold” rating and issued a $63.00 price objective on shares of Ross Stores in a research note on Tuesday, September 12th. MKM Partners raised their price objective on Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $62.00 price objective on shares of Ross Stores in a research note on Monday, September 18th. J P Morgan Chase & Co raised Ross Stores from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $65.00 to $74.00 in a research note on Monday, September 25th. Finally, Cowen and Company reissued an “outperform” rating and issued a $55.00 price objective on shares of Ross Stores in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $70.21.

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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

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

Receive News & Stock Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related stocks with our FREE daily email newsletter.