American Century Companies Inc. Lowers Stake in Ross Stores, Inc. (ROST)

American Century Companies Inc. lowered its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 29.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,274,713 shares of the apparel retailer’s stock after selling 950,295 shares during the quarter. American Century Companies Inc. owned 0.59% of Ross Stores worth $146,878,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Ross Stores by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 36,146,781 shares of the apparel retailer’s stock valued at $2,086,753,000 after buying an additional 686,186 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Ross Stores by 5.3% during the 2nd quarter. Principal Financial Group Inc. now owns 6,482,963 shares of the apparel retailer’s stock valued at $374,261,000 after buying an additional 327,310 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Ross Stores by 5.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,424,201 shares of the apparel retailer’s stock valued at $313,116,000 after buying an additional 272,437 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Ross Stores by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,179,798 shares of the apparel retailer’s stock valued at $299,030,000 after buying an additional 52,437 shares in the last quarter. Finally, Flossbach Von Storch AG raised its position in shares of Ross Stores by 7,335.3% during the 2nd quarter. Flossbach Von Storch AG now owns 5,000,270 shares of the apparel retailer’s stock valued at $288,666,000 after buying an additional 4,933,020 shares in the last quarter. Hedge funds and other institutional investors own 90.36% of the company’s stock.

A number of equities analysts recently commented on the stock. Royal Bank Of Canada set a $62.00 target price on shares of Ross Stores and gave the stock a “hold” rating in a research report on Monday, October 30th. Buckingham Research reiterated a “neutral” rating and issued a $71.00 target price on shares of Ross Stores in a research report on Thursday, October 19th. Bank of America Corporation reiterated a “buy” rating and issued a $80.00 target price on shares of Ross Stores in a research report on Monday, September 25th. Zacks Investment Research cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Monday, September 25th. Finally, J P Morgan Chase & Co upgraded shares of Ross Stores from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $65.00 to $74.00 in a research report on Monday, September 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the stock. Ross Stores has an average rating of “Buy” and a consensus price target of $70.21.

In other news, insider Brian R. Morrow sold 6,157 shares of Ross Stores stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $65.30, for a total transaction of $402,052.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Barbara Rentler sold 15,492 shares of Ross Stores stock in a transaction dated Tuesday, September 12th. The shares were 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. Insiders own 2.30% of the company’s stock.

Shares of Ross Stores, Inc. (ROST) opened at $63.87 on Thursday. The firm has a market cap of $24,982.51, a PE ratio of 21.38, a PEG ratio of 2.01 and a beta of 1.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.64. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $69.81.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, August 17th. The apparel retailer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.37 billion. Ross Stores had a net margin of 8.87% and a return on equity of 42.95%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 EPS. sell-side analysts forecast that Ross Stores, Inc. will post 3.22 earnings per share for the current fiscal year.

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Ross Stores Profile

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.

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

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