Rhumbline Advisers decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 851,063 shares of the apparel retailer’s stock after selling 20,042 shares during the period. Rhumbline Advisers owned 0.22% of Ross Stores worth $68,298,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $132,000. Zions Bancorporation lifted its position in Ross Stores by 338.9% during the third quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock valued at $137,000 after acquiring an additional 1,637 shares during the last quarter. Sit Investment Associates Inc. lifted its position in Ross Stores by 255.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock valued at $152,000 after acquiring an additional 1,365 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Ross Stores during the fourth quarter valued at approximately $159,000. Finally, Gratus Capital LLC purchased a new stake in Ross Stores during the fourth quarter valued at approximately $200,000. 91.86% of the stock is owned by institutional investors.
A number of research firms recently commented on ROST. BidaskClub cut shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. SunTrust Banks reissued a “buy” rating on shares of Ross Stores in a research report on Friday, February 2nd. Nomura reissued a “buy” rating and set a $90.00 target price (up previously from $80.00) on shares of Ross Stores in a research report on Wednesday, January 17th. Cowen set a $78.00 price target on shares of Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, Jefferies Group set a $66.00 price target on shares of Ross Stores and gave the stock a “hold” rating in a report on Saturday, November 18th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $73.90.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $80.17 on Friday. The firm has a market cap of $30,804.79, a price-to-earnings ratio of 25.75, a PEG ratio of 2.17 and a beta of 1.07. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $85.66. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. Ross Stores had a net margin of 8.93% and a return on equity of 43.21%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. research analysts forecast that Ross Stores, Inc. will post 3.29 EPS for the current fiscal year.
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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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