Strs Ohio grew its position in Ross Stores, Inc. (NASDAQ:ROST) by 36.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 304,637 shares of the apparel retailer’s stock after acquiring an additional 80,680 shares during the quarter. Strs Ohio owned approximately 0.08% of Ross Stores worth $25,817,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Ross Stores by 0.6% in the 1st quarter. BlackRock Inc. now owns 26,549,467 shares of the apparel retailer’s stock valued at $2,070,327,000 after acquiring an additional 154,064 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Ross Stores by 0.4% in the 1st quarter. Franklin Resources Inc. now owns 6,023,816 shares of the apparel retailer’s stock valued at $469,737,000 after acquiring an additional 24,217 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Ross Stores by 15.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,360,522 shares of the apparel retailer’s stock valued at $454,305,000 after acquiring an additional 724,764 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of Ross Stores by 2.6% in the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,720,000 shares of the apparel retailer’s stock valued at $367,782,000 after acquiring an additional 120,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Ross Stores by 15.4% in the 2nd quarter. Wells Fargo & Company MN now owns 3,829,150 shares of the apparel retailer’s stock valued at $324,521,000 after acquiring an additional 509,933 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company’s stock.

Shares of ROST stock opened at $91.74 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.64 and a debt-to-equity ratio of 0.10. Ross Stores, Inc. has a 1 year low of $53.19 and a 1 year high of $92.97. The firm has a market cap of $34.49 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, May 24th. The apparel retailer reported $1.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.04. Ross Stores had a return on equity of 46.48% and a net margin of 10.13%. The company had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts expect that Ross Stores, Inc. will post 4.05 EPS for the current year.

In other Ross Stores news, insider James S. Fassio sold 175,769 shares of the business’s stock in a transaction on Thursday, June 21st. The stock was sold at an average price of $86.57, for a total transaction of $15,216,322.33. Following the completion of the transaction, the insider now owns 82,899 shares in the company, valued at approximately $7,176,566.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Michael Balmuth sold 33,999 shares of the business’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $79.10, for a total value of $2,689,320.90. Following the transaction, the chairman now owns 78,342 shares of the company’s stock, valued at approximately $6,196,852.20. The disclosure for this sale can be found here. Insiders have sold a total of 236,268 shares of company stock valued at $20,170,488 in the last quarter. 2.40% of the stock is currently owned by insiders.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a report on Monday, July 23rd. Citigroup boosted their price objective on Ross Stores from $83.00 to $89.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Loop Capital boosted their price objective on Ross Stores from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, June 27th. Wedbush started coverage on Ross Stores in a research report on Friday, June 22nd. They set a “neutral” rating and a $90.00 price objective for the company. Finally, BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. Nine analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.50.

Ross Stores Company 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 in the United States. It 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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