Ross Stores, Inc. (ROST) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,410 shares of the apparel retailer’s stock after selling 1,839 shares during the period. Bank of Nova Scotia’s holdings in Ross Stores were worth $5,104,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Herndon Capital Management LLC grew its position in shares of Ross Stores by 85.6% during the second quarter. Herndon Capital Management LLC now owns 202,917 shares of the apparel retailer’s stock valued at $11,715,000 after purchasing an additional 93,559 shares in the last quarter. Mechanics Bank Trust Department grew its position in shares of Ross Stores by 0.5% during the second quarter. Mechanics Bank Trust Department now owns 65,450 shares of the apparel retailer’s stock valued at $3,778,000 after purchasing an additional 315 shares in the last quarter. Swiss National Bank grew its position in shares of Ross Stores by 2.3% during the second quarter. Swiss National Bank now owns 1,667,592 shares of the apparel retailer’s stock valued at $96,270,000 after purchasing an additional 36,700 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of Ross Stores by 21.9% during the second quarter. Marshall Wace North America L.P. now owns 1,463,322 shares of the apparel retailer’s stock valued at $84,873,000 after purchasing an additional 262,946 shares in the last quarter. Finally, Todd Asset Management LLC grew its position in shares of Ross Stores by 6,230.4% during the second quarter. Todd Asset Management LLC now owns 224,350 shares of the apparel retailer’s stock valued at $12,952,000 after purchasing an additional 220,806 shares in the last quarter. Hedge funds and other institutional investors own 90.34% of the company’s stock.

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A number of brokerages have recently weighed in on ROST. Bank of America Corporation restated a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a research report on Monday, September 25th. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. J P Morgan Chase & Co upgraded 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 report on Monday, September 25th. Royal Bank Of Canada restated a “hold” rating and set a $62.00 price objective on shares of Ross Stores in a research report on Monday, September 18th. Finally, Sanford C. Bernstein began coverage on Ross Stores in a research report on Tuesday, September 12th. They set an “outperform” rating and a $74.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $70.17.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total transaction of $945,012.00. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Shares of Ross Stores, Inc. (ROST) opened at 63.12 on Monday. The firm has a 50-day moving average of $61.89 and a 200 day moving average of $60.41. The company has a market cap of $24.34 billion, a P/E ratio of 20.85 and a beta of 1.13. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Ross Stores, Inc. will post $3.23 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Thursday, September 7th were issued a $0.16 dividend. The ex-dividend date was Wednesday, September 6th. This represents a $0.64 annualized dividend and a dividend yield of 1.01%. Ross Stores’s dividend payout ratio is currently 21.12%.

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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