Public Employees Retirement System of Ohio Has $28.77 Million Stake in Ross Stores, Inc. (ROST)

Public Employees Retirement System of Ohio lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 6.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 358,444 shares of the apparel retailer’s stock after selling 24,901 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.09% of Ross Stores worth $28,765,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. State of New Jersey Common Pension Fund D purchased a new position in Ross Stores in the third quarter valued at $646,000. Hendershot Investments Inc. increased its holdings in Ross Stores by 104.8% in the third quarter. Hendershot Investments Inc. now owns 31,927 shares of the apparel retailer’s stock valued at $2,062,000 after buying an additional 16,340 shares during the last quarter. Andra AP fonden increased its holdings in Ross Stores by 8.5% in the third quarter. Andra AP fonden now owns 105,100 shares of the apparel retailer’s stock valued at $6,786,000 after buying an additional 8,200 shares during the last quarter. PGGM Investments increased its holdings in Ross Stores by 47.8% in the third quarter. PGGM Investments now owns 720,055 shares of the apparel retailer’s stock valued at $46,494,000 after buying an additional 232,899 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in Ross Stores by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 84,767 shares of the apparel retailer’s stock valued at $5,473,000 after buying an additional 9,048 shares during the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores, Inc. (NASDAQ ROST) opened at $78.93 on Thursday. 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 twelve month low of $52.85 and a twelve month high of $85.66. The stock has a market capitalization of $29,738.60, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.10 and a beta of 1.07.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share (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 for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the company posted $0.62 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. sell-side analysts forecast that Ross Stores, Inc. will post 3.29 EPS for the current year.

Several equities analysts recently commented on the company. BidaskClub lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. SunTrust Banks reissued a “buy” rating on shares of Ross Stores in a report on Friday, February 2nd. Nomura reissued a “buy” rating and issued a $90.00 target price (up previously from $80.00) on shares of Ross Stores in a report on Wednesday, January 17th. Cowen set a $78.00 target price on Ross Stores and gave the company a “buy” rating in a report on Saturday, November 18th. Finally, Jefferies Group set a $66.00 target price on Ross Stores and gave the company a “hold” rating in a report on Saturday, November 18th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $73.90.

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

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