Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 55.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 154,285 shares of the apparel retailer’s stock after buying an additional 55,238 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Ross Stores were worth $13,418,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in ROST. Checchi Capital Advisers LLC boosted its position in shares of Ross Stores by 2.5% during the 4th quarter. Checchi Capital Advisers LLC now owns 4,091 shares of the apparel retailer’s stock valued at $476,000 after acquiring an additional 99 shares during the last quarter. Citizens Financial Group Inc RI lifted its position in Ross Stores by 8.2% during the fourth quarter. Citizens Financial Group Inc RI now owns 1,698 shares of the apparel retailer’s stock valued at $198,000 after purchasing an additional 129 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in Ross Stores by 8.6% in the 4th quarter. Prestige Wealth Management Group LLC now owns 1,635 shares of the apparel retailer’s stock worth $191,000 after buying an additional 130 shares in the last quarter. Confluence Wealth Management LLC raised its position in shares of Ross Stores by 1.6% during the 4th quarter. Confluence Wealth Management LLC now owns 8,020 shares of the apparel retailer’s stock valued at $934,000 after buying an additional 130 shares in the last quarter. Finally, Great Lakes Advisors LLC lifted its holdings in shares of Ross Stores by 0.9% during the 4th quarter. Great Lakes Advisors LLC now owns 14,736 shares of the apparel retailer’s stock worth $1,716,000 after acquiring an additional 132 shares during the last quarter. 86.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ROST traded down $2.99 during mid-day trading on Friday, hitting $93.88. 5,320,136 shares of the company’s stock traded hands, compared to its average volume of 2,676,213. The company has a quick ratio of 0.59, a current ratio of 1.27 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $34.43 billion, a P/E ratio of 36.39, a PEG ratio of 3.79 and a beta of 0.80. The business’s 50-day moving average price is $87.44 and its 200-day moving average price is $104.45. Ross Stores, Inc. has a 1 year low of $56.30 and a 1 year high of $124.16.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, May 21st. The apparel retailer reported ($0.87) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.86). Ross Stores had a net margin of 6.63% and a return on equity of 34.38%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the firm earned $1.15 EPS. The business’s revenue was down 51.4% on a year-over-year basis. Sell-side analysts anticipate that Ross Stores, Inc. will post 2.55 earnings per share for the current fiscal year.
Several brokerages have issued reports on ROST. Deutsche Bank dropped their price target on Ross Stores from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Nomura Instinet cut their target price on Ross Stores from $100.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday. Telsey Advisory Group increased their price target on shares of Ross Stores from $96.00 to $101.00 and gave the company a “market perform” rating in a research report on Friday. Nomura Securities lowered their price objective on shares of Ross Stores from $83.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, March 31st. Finally, Gordon Haskett began coverage on shares of Ross Stores in a research note on Wednesday, January 29th. They issued an “accumulate” rating and a $132.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. Ross Stores presently has a consensus rating of “Buy” and a consensus price target of $108.54.
Ross Stores Profile
Ross Stores, Inc, together with its subsidiaries, operates off-price retail apparel and home fashion stores under the Ross Dress for Less and dd's DISCOUNTS brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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