Ross Stores, Inc. (ROST) Position Increased by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 51.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 59,995 shares of the apparel retailer’s stock after buying an additional 20,407 shares during the period. Baird Financial Group Inc.’s holdings in Ross Stores were worth $3,936,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ROST. Bingham Osborn & Scarborough LLC increased its stake in shares of Ross Stores by 0.6% in the second quarter. Bingham Osborn & Scarborough LLC now owns 7,592 shares of the apparel retailer’s stock valued at $430,000 after buying an additional 46 shares in the last quarter. Cidel Asset Management Inc. increased its stake in shares of Ross Stores by 2.9% in the second quarter. Cidel Asset Management Inc. now owns 201,723 shares of the apparel retailer’s stock valued at $11,436,000 after buying an additional 5,708 shares in the last quarter. Nippon Life Insurance Co. increased its stake in shares of Ross Stores by 17.4% in the second quarter. Nippon Life Insurance Co. now owns 38,538 shares of the apparel retailer’s stock valued at $2,185,000 after buying an additional 5,699 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. increased its stake in shares of Ross Stores by 2.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 643,096 shares of the apparel retailer’s stock valued at $36,457,000 after buying an additional 14,096 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Ross Stores by 10.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 81,880 shares of the apparel retailer’s stock valued at $4,642,000 after buying an additional 7,697 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

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

Shares of Ross Stores, Inc. (NASDAQ:ROST) traded up 0.32% during trading on Friday, reaching $68.48. 572,179 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $66.52 and a 200-day moving average price of $64.81. Ross Stores, Inc. has a 52-week low of $52.00 and a 52-week high of $69.81. The company has a market capitalization of $26.99 billion, a PE ratio of 25.18 and a beta of 0.94.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The firm earned $3.10 billion during the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 EPS. On average, equities analysts forecast that Ross Stores, Inc. will post $2.82 earnings per share for the current year.

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Several brokerages have recently weighed in on ROST. Susquehanna Bancshares Inc began coverage on Ross Stores in a research note on Friday, February 10th. They set a “positive” rating and a $80.00 target price for the company. Zacks Investment Research upgraded Ross Stores from a “sell” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Monday, November 21st. Cowen and Company set a $74.00 target price on Ross Stores and gave the company a “buy” rating in a research note on Saturday, November 19th. BMO Capital Markets restated a “hold” rating on shares of Ross Stores in a research note on Saturday, November 19th. Finally, Jefferies Group LLC restated a “hold” rating and set a $59.00 target price (up from $57.00) on shares of Ross Stores in a research note on Wednesday, December 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.55.

About Ross Stores

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

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