From Market Beat:



Rheos Capital Works Inc. acquired a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,000 shares of the apparel retailer’s stock, valued at approximately $4,631,000. A number of other large investors have also recently added to or reduced their stakes in the business. 84.79% of the stock is currently owned by institutional investors and hedge funds. Several analysts recently weighed in on ROST shares. The company has an average rating of “Moderate Buy” and an average price target of $131.05. In insider activity at Ross Stores, Michael K. Kobayashi sold 20,749 shares of the firm’s stock in a transaction dated Friday, October 6th. Ross Stores Stock traded up 0.4 %, hitting $136.42. Finally, Ross Stores last announced its quarterly earnings results on Thursday, November 16th. The company had revenue of $4.92 billion for the quarter, compared to analyst estimates of $4.84 billion. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.05. Ross Stores recently declared a quarterly dividend, which will be paid on Friday, December 29th.

Ross Stores, Inc. is an off-price retail apparel and home fashion company, operates under the Ross Dress for Less and dd’s DISCOUNTS brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].



Read more: Rheos Capital Works Inc. Invests $4.63 Million in Ross Stores, Inc. (NASDAQ:ROST)