Tredje AP fonden Sells 3,875 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Tredje AP fonden decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 12.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,598 shares of the apparel retailer’s stock after selling 3,875 shares during the period. Tredje AP fonden’s holdings in Ross Stores were worth $3,711,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its position in Ross Stores by 2.5% during the fourth 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 grew its holdings in shares of Ross Stores by 8.2% in the fourth quarter. Citizens Financial Group Inc RI now owns 1,698 shares of the apparel retailer’s stock worth $198,000 after purchasing an additional 129 shares during the last quarter. Prestige Wealth Management Group LLC grew its holdings in shares of Ross Stores by 8.6% in the fourth quarter. Prestige Wealth Management Group LLC now owns 1,635 shares of the apparel retailer’s stock worth $191,000 after purchasing an additional 130 shares during the last quarter. Confluence Wealth Management LLC grew its holdings in shares of Ross Stores by 1.6% in the fourth quarter. Confluence Wealth Management LLC now owns 8,020 shares of the apparel retailer’s stock worth $934,000 after purchasing an additional 130 shares during the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in shares of Ross Stores by 0.9% in the fourth quarter. Great Lakes Advisors LLC now owns 14,736 shares of the apparel retailer’s stock worth $1,716,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $94.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday. Nomura cut their price target on shares of Ross Stores from $100.00 to $97.00 and set a “neutral” rating on the stock in a report on Friday. Goldman Sachs Group upgraded shares of Ross Stores from a “sell” rating to a “buy” rating and cut their price target for the stock from $110.00 to $93.00 in a report on Wednesday, March 25th. Citigroup upped their price objective on shares of Ross Stores from $90.00 to $108.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Gordon Haskett initiated 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 assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $108.54.

Shares of ROST stock traded down $2.99 during mid-day trading on Friday, hitting $93.88. 5,320,136 shares of the stock traded hands, compared to its average volume of 2,676,213. The stock has a market cap of $34.43 billion, a P/E ratio of 36.39, a P/E/G ratio of 3.79 and a beta of 0.80. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.27 and a quick ratio of 0.59. The stock’s fifty day moving average is $87.44 and its two-hundred day moving average is $104.45. Ross Stores, Inc. has a 52-week low of $56.30 and a 52-week high of $124.16.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.86). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Ross Stores had a net margin of 6.63% and a return on equity of 34.38%. The business’s revenue for the quarter was down 51.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.15 earnings per share. As a group, equities analysts forecast that Ross Stores, Inc. will post 2.55 EPS for the current fiscal year.

About Ross Stores

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

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