Keybank National Association OH Increases Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Keybank National Association OH increased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 96.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,715 shares of the apparel retailer’s stock after buying an additional 9,675 shares during the period. Keybank National Association OH’s holdings in Ross Stores were worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ROST. Comerica Securities Inc. raised its stake in Ross Stores by 20.4% during the fourth quarter. Comerica Securities Inc. now owns 4,218 shares of the apparel retailer’s stock worth $351,000 after buying an additional 716 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Ross Stores by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,230,341 shares of the apparel retailer’s stock worth $102,356,000 after buying an additional 44,439 shares during the last quarter. Geode Capital Management LLC raised its stake in Ross Stores by 8.1% during the fourth quarter. Geode Capital Management LLC now owns 6,088,490 shares of the apparel retailer’s stock worth $505,856,000 after buying an additional 456,445 shares during the last quarter. First Manhattan Co. bought a new position in Ross Stores during the first quarter worth $27,000. Finally, Carroll Financial Associates Inc. raised its stake in Ross Stores by 27.6% during the first quarter. Carroll Financial Associates Inc. now owns 2,660 shares of the apparel retailer’s stock worth $247,000 after buying an additional 576 shares during the last quarter. Hedge funds and other institutional investors own 89.62% of the company’s stock.

ROST has been the subject of a number of analyst reports. Guggenheim reissued a “buy” rating and set a $105.00 target price on shares of Ross Stores in a research note on Friday, May 24th. Telsey Advisory Group downgraded shares of Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 target price for the company. in a research note on Monday, June 24th. Zacks Investment Research raised shares of Ross Stores from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. BidaskClub raised shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, Goldman Sachs Group downgraded shares of Ross Stores from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $102.00 to $91.00 in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $98.64.

In other news, Chairman Michael Balmuth sold 81,049 shares of Ross Stores stock in a transaction dated Friday, May 31st. The shares were 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 Securities & Exchange Commission, which is available through this link. Also, CEO Barbara Rentler sold 40,000 shares of Ross Stores stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $99.16, for a total transaction of $3,966,400.00. Following the transaction, the chief executive officer now owns 473,922 shares of the company’s stock, valued at $46,994,105.52. The disclosure for this sale can be found here. Insiders have sold 296,287 shares of company stock valued at $29,806,735 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

ROST opened at $103.18 on Friday. Ross Stores, Inc. has a 1-year low of $75.91 and a 1-year high of $108.20. The company has a current ratio of 1.34, a quick ratio of 0.64 and a debt-to-equity ratio of 0.87. The company has a market cap of $37.26 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 2.18 and a beta of 0.89. The company has a fifty day moving average price of $103.99 and a two-hundred day moving average price of $97.67.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, May 23rd. The apparel retailer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.01. Ross Stores had a net margin of 10.47% and a return on equity of 48.92%. The firm had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The business’s revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Ross Stores, Inc. will post 4.51 EPS for the current fiscal year.

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

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