Ross Stores, Inc. (ROST) Stake Increased by ING Groep NV

ING Groep NV raised its stake in Ross Stores, Inc. (NASDAQ:ROST) by 595.4% during the fourth quarter, Holdings Channel reports. The fund owned 89,607 shares of the apparel retailer’s stock after buying an additional 76,721 shares during the period. ING Groep NV’s holdings in Ross Stores were worth $5,947,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Ross Stores by 19.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,761,511 shares of the apparel retailer’s stock valued at $1,463,565,000 after buying an additional 3,702,651 shares during the last quarter. Primecap Management Co. CA increased its position in shares of Ross Stores by 1.7% in the second quarter. Primecap Management Co. CA now owns 15,296,500 shares of the apparel retailer’s stock valued at $867,159,000 after buying an additional 259,700 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Ross Stores by 2.3% in the third quarter. BlackRock Fund Advisors now owns 7,081,633 shares of the apparel retailer’s stock valued at $455,349,000 after buying an additional 162,148 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Ross Stores by 1.7% in the third quarter. JPMorgan Chase & Co. now owns 6,940,849 shares of the apparel retailer’s stock valued at $446,905,000 after buying an additional 117,099 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Ross Stores by 12.1% in the second quarter. Franklin Resources Inc. now owns 6,396,924 shares of the apparel retailer’s stock valued at $362,642,000 after buying an additional 690,591 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Ross Stores, Inc. (NASDAQ:ROST) traded down 0.487% during trading on Monday, hitting $68.455. The company had a trading volume of 1,038,589 shares. The company’s 50 day moving average is $66.32 and its 200 day moving average is $64.61. The firm has a market capitalization of $26.98 billion, a P/E ratio of 25.167 and a beta of 0.94. Ross Stores, Inc. has a 1-year low of $52.00 and a 1-year high of $69.81.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The firm had revenue of $3.10 billion for the quarter. Ross Stores had a return on equity of 42.09% and a net margin of 8.58%. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Analysts anticipate that Ross Stores, Inc. will post $2.82 earnings per share for the current fiscal year.

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Several research firms have recently issued reports on ROST. Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 price objective (up previously from $57.00) on shares of Ross Stores in a research note on Wednesday, December 7th. Credit Suisse Group reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Ross Stores in a research note on Friday, November 18th. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. RBC Capital Markets set a $68.00 price objective on Ross Stores and gave the company a “hold” rating in a research note on Friday, November 18th. Finally, Deutsche Bank AG upped their price objective on Ross Stores from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.55.

Ross Stores Company Profile

Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd’s DISCOUNTS. Ross is an off-price apparel and home fashion chain in the United States, with approximately 1,274 locations in over 34 states, the District of Columbia and Guam.

5 Day Chart for NASDAQ:ROST

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).

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