Toronto Dominion Bank boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 40.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 387,273 shares of the apparel retailer’s stock after purchasing an additional 111,704 shares during the quarter. Toronto Dominion Bank owned approximately 0.10% of Ross Stores worth $38,371,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Personal Capital Advisors Corp raised its holdings in shares of Ross Stores by 45.3% during the 3rd quarter. Personal Capital Advisors Corp now owns 12,320 shares of the apparel retailer’s stock worth $1,221,000 after acquiring an additional 3,840 shares in the last quarter. MUFG Americas Holdings Corp raised its holdings in shares of Ross Stores by 216.4% during the 2nd quarter. MUFG Americas Holdings Corp now owns 1,924 shares of the apparel retailer’s stock worth $163,000 after acquiring an additional 1,316 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Ross Stores by 31.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,515 shares of the apparel retailer’s stock worth $552,000 after acquiring an additional 1,553 shares in the last quarter. GSB Wealth Management LLC purchased a new stake in shares of Ross Stores during the 3rd quarter worth approximately $207,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Ross Stores by 0.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 167,409 shares of the apparel retailer’s stock worth $16,590,000 after acquiring an additional 1,260 shares in the last quarter. Institutional investors and hedge funds own 87.87% of the company’s stock.

In other news, CEO Barbara Rentler sold 20,000 shares of the stock in a transaction on Friday, October 12th. The stock was sold at an average price of $95.15, for a total transaction of $1,903,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Norman A. Ferber sold 10,144 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $94.90, for a total value of $962,665.60. Following the transaction, the director now directly owns 25,127 shares in the company, valued at approximately $2,384,552.30. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

ROST stock opened at $97.90 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71. Ross Stores, Inc. has a twelve month low of $63.91 and a twelve month high of $104.35. The firm has a market capitalization of $38.00 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 2.47 and a beta of 0.98.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter last year, the firm posted $0.82 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Ross Stores, Inc. will post 4.12 earnings per share for the current fiscal year.

Several analysts have recently issued reports on ROST shares. Loop Capital upped their price objective on Ross Stores from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, October 3rd. Goldman Sachs Group initiated coverage on Ross Stores in a report on Monday, September 3rd. They set a “neutral” rating and a $104.00 price target on the stock. DA Davidson initiated coverage on Ross Stores in a report on Tuesday, September 25th. They set a “neutral” rating and a $96.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Ross Stores from $98.00 to $96.00 and set an “overweight” rating on the stock in a report on Friday, August 24th. Finally, Cowen set a $101.00 price target on Ross Stores and gave the company a “buy” rating in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $96.88.

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About Ross Stores

Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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

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