Keybank National Association OH grew its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 96.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,715 shares of the apparel retailer’s stock after buying an additional 9,675 shares during the quarter. Keybank National Association OH’s holdings in Ross Stores were worth $1,954,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wetherby Asset Management Inc. grew its stake in Ross Stores by 1.0% in the 1st quarter. Wetherby Asset Management Inc. now owns 11,353 shares of the apparel retailer’s stock worth $1,057,000 after buying an additional 114 shares in the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Ross Stores by 0.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 13,143 shares of the apparel retailer’s stock valued at $1,225,000 after purchasing an additional 116 shares in the last quarter. Wedbush Securities Inc. boosted its stake in shares of Ross Stores by 2.5% in the 2nd quarter. Wedbush Securities Inc. now owns 4,779 shares of the apparel retailer’s stock valued at $474,000 after purchasing an additional 118 shares in the last quarter. Berman Capital Advisors LLC boosted its stake in shares of Ross Stores by 32.2% in the 1st quarter. Berman Capital Advisors LLC now owns 522 shares of the apparel retailer’s stock valued at $48,000 after purchasing an additional 127 shares in the last quarter. Finally, Welch Group LLC boosted its stake in shares of Ross Stores by 4.1% in the 2nd quarter. Welch Group LLC now owns 3,281 shares of the apparel retailer’s stock valued at $325,000 after purchasing an additional 130 shares in the last quarter. 89.62% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Guggenheim reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Ross Stores in a research note on Friday, May 24th. BidaskClub raised shares of Ross Stores from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Robert W. Baird assumed coverage on shares of Ross Stores in a research note on Monday, May 13th. They issued an “outperform” rating and a $108.00 price objective for the company. Zacks Investment Research raised shares of Ross Stores from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Telsey Advisory Group cut shares of Ross Stores from an “outperform” rating to a “market perform” rating and set a $103.00 price objective for the company. in a research note on Monday, June 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $98.64.

Shares of ROST opened at $103.18 on Friday. The stock has a market capitalization of $37.26 billion, a P/E ratio of 24.22, a PEG ratio of 2.18 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 1.34 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $103.99 and a two-hundred day simple moving average of $97.67. Ross Stores, Inc. has a twelve month low of $75.91 and a twelve month high of $108.20.

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

In other Ross Stores news, CEO Barbara Rentler sold 40,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 473,922 shares of the company’s stock, valued at approximately $46,994,105.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Michael Balmuth sold 81,049 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $92.87, for a total transaction of $7,527,020.63. The disclosure for this sale can be found here. Insiders have sold a total of 296,287 shares of company stock valued at $29,806,735 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

About Ross Stores

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.

Recommended Story: Options Trading – Understanding Strike Price

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

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

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.