Janus Henderson Group PLC grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3,501.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,942,654 shares of the apparel retailer’s stock after acquiring an additional 1,888,715 shares during the quarter. Janus Henderson Group PLC owned 0.50% of Ross Stores worth $112,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROST. Guardian Life Insurance Co. of America boosted its holdings in Ross Stores by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after acquiring an additional 10 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Ross Stores by 3.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after acquiring an additional 61 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Ross Stores by 39.1% during the 1st quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after acquiring an additional 478 shares during the last quarter. Acrospire Investment Management LLC boosted its holdings in Ross Stores by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Welch Group LLC boosted its holdings in Ross Stores by 35.2% during the 2nd quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock worth $159,000 after acquiring an additional 716 shares during the last quarter. 90.41% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on ROST shares. Zacks Investment Research raised shares of Ross Stores from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a report on Monday, August 21st. Instinet reaffirmed a “buy” rating and set a $74.00 price objective on shares of Ross Stores in a report on Sunday, August 20th. UBS AG cut their price objective on shares of Ross Stores from $70.00 to $64.00 and set a “neutral” rating on the stock in a report on Friday, August 18th. Telsey Advisory Group raised shares of Ross Stores from a “market perform” rating to an “outperform” rating and set a $70.00 price objective on the stock in a report on Friday, July 14th. They noted that the move was a valuation call. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $80.00 price objective on shares of Ross Stores in a report on Sunday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. Ross Stores currently has an average rating of “Buy” and a consensus target price of $70.17.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at 65.42 on Tuesday. The company has a 50-day moving average price of $61.23 and a 200-day moving average price of $60.47. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The company has a market capitalization of $25.23 billion, a PE ratio of 21.61 and a beta of 1.13.

Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Ross Stores had a return on equity of 42.95% and a net margin of 8.87%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the company earned $0.71 earnings per share. Ross Stores’s revenue was up 7.9% on a year-over-year basis. Analysts predict that Ross Stores, Inc. will post $3.23 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 7th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Wednesday, September 6th. Ross Stores’s dividend payout ratio is 21.12%.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $61.00, for a total value of $945,012.00. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

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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.

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

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