Balyasny Asset Management LLC decreased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 61.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,261 shares of the apparel retailer’s stock after selling 10,003 shares during the period. Balyasny Asset Management LLC’s holdings in Ross Stores were worth $361,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ROST. Segall Bryant & Hamill LLC boosted its position in shares of Ross Stores by 8.1% during the first quarter. Segall Bryant & Hamill LLC now owns 14,786 shares of the apparel retailer’s stock valued at $974,000 after buying an additional 1,107 shares during the last quarter. Ngam Advisors L.P. boosted its position in shares of Ross Stores by 2.2% during the first quarter. Ngam Advisors L.P. now owns 135,156 shares of the apparel retailer’s stock valued at $8,903,000 after buying an additional 2,877 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Ross Stores by 20.1% during the first quarter. Teacher Retirement System of Texas now owns 71,382 shares of the apparel retailer’s stock valued at $4,702,000 after buying an additional 11,944 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Ross Stores by 1.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,295,824 shares of the apparel retailer’s stock valued at $612,317,000 after buying an additional 146,423 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in shares of Ross Stores by 28.8% during the first quarter. Global X Management Co. LLC now owns 2,741 shares of the apparel retailer’s stock valued at $181,000 after buying an additional 613 shares during the last quarter. 90.34% of the stock is currently owned by institutional investors.

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Several research analysts recently issued reports on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $63.00 target price on shares of Ross Stores in a research report on Tuesday, September 12th. MKM Partners lifted their target price on Ross Stores from $77.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Zacks Investment Research raised Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $62.00 target price on shares of Ross Stores in a research report on Monday, September 18th. Finally, J P Morgan Chase & Co raised Ross Stores from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $65.00 to $74.00 in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $70.17.

In other news, insider Brian R. Morrow sold 6,157 shares of the firm’s stock in a transaction on 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 can be accessed through the SEC website. Also, CEO Barbara Rentler sold 15,492 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was 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. Company insiders own 2.30% of the company’s stock.

Shares of Ross Stores, Inc. (ROST) opened at 63.32 on Thursday. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81. The firm has a 50 day moving average price of $62.17 and a 200 day moving average price of $60.39. The company has a market capitalization of $24.42 billion, a price-to-earnings ratio of 20.91 and a beta of 1.14.

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

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

Ross Stores 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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