D.A. Davidson & CO. raised its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,697 shares of the apparel retailer’s stock after purchasing an additional 3,688 shares during the quarter. D.A. Davidson & CO.’s holdings in Ross Stores were worth $4,951,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of ROST. Nordea Investment Management AB raised its position in Ross Stores by 8,982.4% in the 3rd quarter. Nordea Investment Management AB now owns 1,617,840 shares of the apparel retailer’s stock valued at $104,464,000 after purchasing an additional 1,600,027 shares during the last quarter. Rockefeller Financial Services Inc. bought a new stake in shares of Ross Stores during the fourth quarter worth $117,845,000. Wells Fargo & Company MN raised its position in shares of Ross Stores by 39.2% during the third quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock worth $236,257,000 after acquiring an additional 1,029,990 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Ross Stores by 13.1% during the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock worth $473,476,000 after acquiring an additional 849,789 shares during the last quarter. Finally, Flossbach Von Storch AG raised its position in shares of Ross Stores by 10.7% during the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock worth $357,277,000 after acquiring an additional 532,900 shares during the last quarter. Hedge funds and other institutional investors own 91.86% of the company’s stock.
Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $80.61 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.68 and a current ratio of 1.57. Ross Stores, Inc. has a 52 week low of $52.85 and a 52 week high of $85.66. The company has a market capitalization of $30,162.78, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.13 and a beta of 1.07.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. analysts anticipate that Ross Stores, Inc. will post 3.29 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Ross Stores from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. SunTrust Banks restated a “buy” rating on shares of Ross Stores in a research report on Friday, February 2nd. Nomura restated 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 target price on Ross Stores and gave the stock a “buy” rating in a research report on Saturday, November 18th. Finally, Jefferies Group set a $66.00 target price on Ross Stores and gave the stock a “hold” rating in a research 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. Ross Stores has an average rating of “Buy” and a consensus 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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