Dundas Partners LLP raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,469 shares of the apparel retailer’s stock after purchasing an additional 2,416 shares during the quarter. Ross Stores accounts for 4.8% of Dundas Partners LLP’s holdings, making the stock its 4th largest holding. Dundas Partners LLP’s holdings in Ross Stores were worth $20,564,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of ROST. Amica Retiree Medical Trust boosted its position in shares of Ross Stores by 180.4% during the 2nd quarter. Amica Retiree Medical Trust now owns 6,681 shares of the apparel retailer’s stock worth $662,000 after acquiring an additional 4,298 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Ross Stores by 9.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 378,635 shares of the apparel retailer’s stock worth $38,179,000 after acquiring an additional 32,616 shares in the last quarter. Stanley Laman Group Ltd. boosted its position in shares of Ross Stores by 17.8% during the 2nd quarter. Stanley Laman Group Ltd. now owns 7,928 shares of the apparel retailer’s stock worth $786,000 after acquiring an additional 1,196 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Ross Stores by 5.4% during the 2nd quarter. Advisory Services Network LLC now owns 6,974 shares of the apparel retailer’s stock worth $691,000 after acquiring an additional 359 shares in the last quarter. Finally, Amica Mutual Insurance Co. boosted its position in shares of Ross Stores by 51.9% during the 2nd quarter. Amica Mutual Insurance Co. now owns 25,089 shares of the apparel retailer’s stock worth $2,487,000 after acquiring an additional 8,575 shares in the last quarter. Institutional investors own 89.62% of the company’s stock.
Several research analysts have recently issued reports on ROST shares. Robert W. Baird started coverage on Ross Stores in a research report on Monday, May 13th. They set an “outperform” rating and a $108.00 price objective for the company. Goldman Sachs Group cut Ross Stores from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $102.00 to $91.00 in a research report on Thursday, June 27th. BidaskClub raised Ross Stores from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Zacks Investment Research raised Ross Stores from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, Guggenheim reissued a “buy” rating and issued a $105.00 target price on shares of Ross Stores in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Ross Stores presently has an average rating of “Buy” and an average target price of $98.64.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Ross Stores had a return on equity of 48.92% and a net margin of 10.47%. Ross Stores’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. As a group, equities analysts expect that Ross Stores, Inc. will post 4.51 earnings per share for the current fiscal year.
In other Ross Stores news, Chairman Michael Balmuth sold 81,049 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $92.87, for a total transaction of $7,527,020.63. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director George Orban sold 29,000 shares of the stock in a transaction on Friday, July 12th. The shares were sold at an average price of $105.89, for a total value of $3,070,810.00. Following the sale, the director now owns 542,939 shares in the company, valued at approximately $57,491,810.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 296,287 shares of company stock worth $29,806,735. 2.30% of the stock is owned by insiders.
Ross Stores Profile
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. Its stores 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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