Aperio Group LLC increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 202,962 shares of the apparel retailer’s stock after purchasing an additional 12,064 shares during the period. Aperio Group LLC owned approximately 0.05% of Ross Stores worth $16,288,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Ross Stores by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,118,801 shares of the apparel retailer’s stock valued at $64,586,000 after purchasing an additional 8,858 shares in the last quarter. Numeric Investors LLC lifted its stake in shares of Ross Stores by 64.2% in the second quarter. Numeric Investors LLC now owns 24,800 shares of the apparel retailer’s stock worth $1,432,000 after acquiring an additional 9,700 shares during the period. AHL Partners LLP lifted its stake in shares of Ross Stores by 71.5% in the second quarter. AHL Partners LLP now owns 28,226 shares of the apparel retailer’s stock worth $1,629,000 after acquiring an additional 11,763 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Ross Stores by 3,501.6% in the second quarter. Janus Henderson Group PLC now owns 1,942,654 shares of the apparel retailer’s stock worth $112,149,000 after acquiring an additional 1,888,715 shares during the period. Finally, Balentine LLC lifted its stake in shares of 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 acquiring an additional 5 shares during the period. Institutional investors own 91.86% of the company’s stock.
Ross Stores, Inc. (NASDAQ:ROST) opened at $77.82 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 0.68 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. The company has a market capitalization of $29,740.00, a PE ratio of 24.86, a PEG ratio of 2.09 and a beta of 1.06.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same period last year, the company earned $0.62 EPS. Ross Stores’s revenue for the quarter was up 7.8% compared to the same quarter last year. sell-side analysts anticipate that Ross Stores, Inc. will post 3.29 earnings per share for the current fiscal year.
Several equities analysts have issued reports on the company. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, January 24th. Nomura reissued a “buy” rating and issued a $90.00 price target (up from $80.00) on shares of Ross Stores in a research note on Wednesday, January 17th. SunTrust Banks restated a “buy” rating on shares of Ross Stores in a report on Friday, February 2nd. Cowen set a $78.00 price target on 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 Ross Stores and gave the stock a “hold” rating in a report on Saturday, November 18th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has an average 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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