Aperio Group LLC cut its position in Ross Stores, Inc. (NASDAQ:ROST) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,898 shares of the apparel retailer’s stock after selling 23,106 shares during the period. Aperio Group LLC’s holdings in Ross Stores were worth $12,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROST. Balentine LLC raised its holdings in shares of Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after acquiring an additional 5 shares during the period. Parkside Financial Bank & Trust raised its holdings in shares of Ross Stores by 3.4% during the second 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 period. Acrospire Investment Management LLC raised its holdings in shares of Ross Stores by 100.0% during the second 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 period. Welch Group LLC raised its holdings in shares of Ross Stores by 35.2% during the second 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 period. Finally, Sun Life Financial INC raised its holdings in shares of Ross Stores by 20,314.3% during the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock worth $165,000 after acquiring an additional 2,844 shares during the period. Institutional investors own 90.38% of the company’s stock.

In other Ross Stores news, insider Brian R. Morrow sold 6,157 shares of the company’s stock in a transaction 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of the company’s stock in a transaction 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.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $3.37 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The business’s revenue was up 7.9% on a year-over-year basis.

A number of equities research analysts recently commented on ROST shares. Zacks Investment Research upgraded 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. Buckingham Research restated a “neutral” rating and set a $71.00 price objective on shares of Ross Stores in a report on Thursday, October 19th. Instinet restated a “buy” rating and set a $74.00 price objective on shares of Ross Stores in a report on Sunday, August 20th. UBS AG dropped 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. Finally, Telsey Advisory Group upgraded 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $70.21.

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About Ross Stores

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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