Cadinha & Co. LLC lifted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4,314.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,355 shares of the apparel retailer’s stock after purchasing an additional 141,085 shares during the period. Cadinha & Co. LLC’s holdings in Ross Stores were worth $11,584,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROST. Balentine LLC grew its holdings in shares of Ross Stores by 0.3% during the second quarter. Balentine LLC now owns 1,775 shares of the apparel retailer’s stock worth $102,000 after purchasing an additional 5 shares in the last quarter. People s United Financial Inc. lifted its position in Ross Stores by 1.3% in the 2nd quarter. People s United Financial Inc. now owns 12,306 shares of the apparel retailer’s stock worth $710,000 after buying an additional 156 shares during the last quarter. Zacks Investment Management lifted its position in Ross Stores by 3.1% in the 2nd quarter. Zacks Investment Management now owns 7,850 shares of the apparel retailer’s stock worth $453,000 after buying an additional 237 shares during the last quarter. Nordea Investment Management AB lifted its position in Ross Stores by 1.5% in the 2nd quarter. Nordea Investment Management AB now owns 17,813 shares of the apparel retailer’s stock worth $1,028,000 after buying an additional 255 shares during the last quarter. Finally, First Allied Advisory Services Inc. lifted its position in Ross Stores by 2.3% in the second quarter. First Allied Advisory Services Inc. now owns 16,058 shares of the apparel retailer’s stock valued at $934,000 after purchasing an additional 362 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.
Ross Stores, Inc. (ROST) opened at $77.35 on Tuesday. The company has a market capitalization of $29,560.00, a P/E ratio of 24.71, a PEG ratio of 2.09 and a beta of 1.06. 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, Inc. has a 1-year low of $52.85 and a 1-year high of $85.66.
Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The firm had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. research analysts forecast that Ross Stores, Inc. will post 3.29 earnings per share for the current year.
ROST has been the subject of several recent research reports. Nomura set a $80.00 price objective on Ross Stores and gave the company a “buy” rating in a research report on Friday, November 17th. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Cowen set a $78.00 price target on Ross Stores and gave the stock a “buy” rating in a research note on Saturday, November 18th. SunTrust Banks set a $80.00 target price on Ross Stores and gave the stock a “buy” rating in a research note on Friday, November 17th. Finally, Telsey Advisory Group reissued a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and an average price target of $73.90.
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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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