Campbell & CO Investment Adviser LLC acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,027 shares of the apparel retailer’s stock, valued at approximately $232,000.
A number of other hedge funds have also recently added to or reduced their stakes in ROST. Guardian Life Insurance Co. of America raised its stake in Ross Stores by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,529 shares of the apparel retailer’s stock worth $101,000 after buying an additional 10 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Ross Stores by 89.2% in the first quarter. TrimTabs Asset Management LLC now owns 1,646 shares of the apparel retailer’s stock worth $108,000 after buying an additional 776 shares in the last quarter. Parallel Advisors LLC raised its stake in Ross Stores by 39.1% in the first quarter. Parallel Advisors LLC now owns 1,701 shares of the apparel retailer’s stock worth $111,000 after buying an additional 478 shares in the last quarter. Nikko Asset Management Americas Inc. purchased a new stake in Ross Stores during the first quarter worth $112,000. Finally, Advisory Services Network LLC purchased a new stake in Ross Stores during the first quarter worth $171,000. Institutional investors and hedge funds own 91.37% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded up 1.39% during trading on Friday, reaching $55.56. 2,593,760 shares of the company’s stock traded hands. The company has a 50 day moving average price of $55.47 and a 200-day moving average price of $62.49. The stock has a market cap of $21.62 billion, a P/E ratio of 19.03 and a beta of 1.10. Ross Stores, Inc. has a one year low of $52.91 and a one year high of $69.81.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, May 18th. The apparel retailer reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.02. Ross Stores had a net margin of 8.77% and a return on equity of 42.56%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Ross Stores’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts expect that Ross Stores, Inc. will post $3.16 EPS for the current fiscal year.
ROST has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Wednesday, July 12th. BMO Capital Markets set a $65.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research note on Thursday, July 6th. Royal Bank Of Canada set a $67.00 price objective on shares of Ross Stores and gave the company a “hold” rating in a research note on Monday, June 19th. Jefferies Group LLC restated a “hold” rating and set a $63.00 price objective on shares of Ross Stores in a research note on Tuesday, May 16th. Finally, Telsey Advisory Group dropped their price target on shares of Ross Stores from $77.00 to $70.00 and set a “market perform” rating on the stock in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have given a buy rating to the company. Ross Stores currently has an average rating of “Hold” and an average price target of $69.41.
In other Ross Stores news, Director Sharon D. Garrett sold 16,130 shares of the company’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $63.23, for a total value of $1,019,899.90. Following the sale, the director now owns 4,967 shares in the company, valued at approximately $314,063.41. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.
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.
Receive News & Ratings for Ross Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.