Ross Stores, Inc. (ROST) Stake Lifted by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 93.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,151 shares of the apparel retailer’s stock after buying an additional 85,922 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Ross Stores were worth $11,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Balentine LLC boosted its stake in Ross Stores by 0.3% in the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after buying an additional 5 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Ross Stores by 3.4% in the second quarter. Parkside Financial Bank & Trust now owns 1,868 shares of the apparel retailer’s stock worth $108,000 after buying an additional 61 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Ross Stores by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 2,000 shares of the apparel retailer’s stock worth $115,000 after buying an additional 1,000 shares in the last quarter. Welch Group LLC boosted its stake in Ross Stores by 35.2% in the second quarter. Welch Group LLC now owns 2,752 shares of the apparel retailer’s stock worth $159,000 after buying an additional 716 shares in the last quarter. Finally, Sun Life Financial INC boosted its stake in Ross Stores by 20,314.3% in the second quarter. Sun Life Financial INC now owns 2,858 shares of the apparel retailer’s stock worth $165,000 after buying an additional 2,844 shares in the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.

Ross Stores, Inc. (NASDAQ:ROST) traded down $0.44 on Wednesday, reaching $64.47. The company’s stock had a trading volume of 3,992,300 shares, compared to its average volume of 2,924,957. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.76 and a current ratio of 1.64. The company has a market capitalization of $25,028.79, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.10. Ross Stores, Inc. has a twelve month low of $52.85 and a twelve month high of $69.81.

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

In other Ross Stores news, CEO Barbara Rentler sold 15,492 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $61.00, for a total value of $945,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian R. Morrow sold 6,157 shares of the stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $65.30, for a total value of $402,052.10. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

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A number of research firms have recently weighed in on ROST. BidaskClub raised Ross Stores from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Credit Suisse Group reissued a “neutral” rating and set a $64.00 price objective (down previously from $70.00) on shares of Ross Stores in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BMO Capital Markets set a $65.00 price objective on Ross Stores and gave the company a “hold” rating in a research note on Tuesday, August 8th. Finally, UBS AG dropped their price objective on Ross Stores from $70.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $70.21.

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.

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

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