California State Teachers Retirement System trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 648,355 shares of the apparel retailer’s stock after selling 58,800 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Ross Stores worth $41,864,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Balentine LLC increased its holdings in 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 purchasing an additional 5 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in 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 purchasing an additional 1,000 shares in the last quarter. Welch Group LLC increased its holdings in Ross Stores by 35.2% in the 2nd quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock valued at $159,000 after purchasing an additional 716 shares in the last quarter. Sun Life Financial INC increased its holdings in Ross Stores by 20,314.3% in the 2nd quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock valued at $165,000 after purchasing an additional 2,844 shares in the last quarter. Finally, Nikko Asset Management Americas Inc. increased its holdings in Ross Stores by 88.2% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 3,200 shares of the apparel retailer’s stock valued at $185,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 90.93% of the company’s stock.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $75.96 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $78.81. The firm has a market capitalization of $29,413.78, a PE ratio of 24.59, a PEG ratio of 2.35 and a beta of 1.16.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. sell-side analysts predict that Ross Stores, Inc. will post 3.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.84%. Ross Stores’s payout ratio is 20.45%.

In other news, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Several brokerages recently issued reports on ROST. Royal Bank of Canada reiterated a “hold” rating and issued a $62.00 price target on shares of Ross Stores in a report on Monday, September 18th. Wolfe Research lowered their price target on Ross Stores from $76.00 to $73.00 and set an “outperform” rating for the company in a report on Friday, August 18th. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Bank of America reiterated a “buy” rating and issued a $80.00 price target on shares of Ross Stores in a report on Sunday, August 20th. Finally, Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $73.71.

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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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