Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,009 shares of the apparel retailer’s stock after selling 1,746 shares during the period. Joel Isaacson & Co. LLC’s holdings in Ross Stores were worth $2,007,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Nordea Investment Management AB increased its holdings in shares of 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 purchasing an additional 255 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ross Stores by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,118,801 shares of the apparel retailer’s stock worth $64,586,000 after purchasing an additional 8,858 shares in the last quarter. Zacks Investment Management increased its holdings in shares of 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 purchasing an additional 237 shares in the last quarter. Numeric Investors LLC increased its holdings in shares of Ross Stores by 64.2% in the 2nd quarter. Numeric Investors LLC now owns 24,800 shares of the apparel retailer’s stock worth $1,432,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Ross Stores by 34.5% in the 2nd quarter. Stifel Financial Corp now owns 143,881 shares of the apparel retailer’s stock worth $8,307,000 after purchasing an additional 36,929 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

A number of analysts have commented on ROST shares. Nomura set a $80.00 target price on Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. SunTrust Banks set a $80.00 target price on Ross Stores and gave the stock a “buy” rating in a report on Friday, November 17th. Telsey Advisory Group reissued a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. Cowen set a $78.00 target price on Ross Stores and gave the stock a “buy” rating in a report on Saturday, November 18th. Finally, BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $73.90.

Ross Stores, Inc. (ROST) traded up $0.47 during midday trading on Wednesday, reaching $77.82. The company had a trading volume of 1,369,600 shares, compared to its average volume of 2,378,939. The stock has a market capitalization of $29,740.00, a P/E ratio of 24.86, 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 12 month low of $52.85 and a 12 month high of $85.66.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. Ross Stores’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.62 earnings per share. sell-side analysts anticipate that Ross Stores, Inc. will post 3.29 earnings per share for the current fiscal year.

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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.

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

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