Raymond James Trust N.A. Decreases Position in Ross Stores, Inc. (NASDAQ:ROST)


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Raymond James Trust N.A. reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.6% during the 4th quarter, Holdings Channel reports. The fund owned 18,256 shares of the apparel retailer’s stock after selling 494 shares during the period. Raymond James Trust N.A.’s holdings in Ross Stores were worth $2,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bainco International Investors acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $27,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Ross Stores by 128.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 324 shares of the apparel retailer’s stock valued at $30,000 after purchasing an additional 182 shares during the period. CX Institutional increased its position in shares of Ross Stores by 20.5% during the 4th quarter. CX Institutional now owns 546 shares of the apparel retailer’s stock valued at $67,000 after purchasing an additional 93 shares during the period. Ropes Wealth Advisors LLC boosted its stake in shares of Ross Stores by 522.0% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 566 shares of the apparel retailer’s stock worth $53,000 after acquiring an additional 475 shares in the last quarter. Finally, Jacobi Capital Management LLC lifted its position in shares of Ross Stores by 43.7% in the third quarter. Jacobi Capital Management LLC now owns 658 shares of the apparel retailer’s stock worth $61,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. TheStreet upgraded shares of Ross Stores from a “c” rating to a “b-” rating in a research note on Thursday, November 19th. JPMorgan Chase & Co. lifted their price objective on Ross Stores from $125.00 to $128.00 and gave the company an “overweight” rating in a report on Monday, January 4th. Robert W. Baird upped their price objective on Ross Stores from $112.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, November 20th. Loop Capital upped their price objective on Ross Stores from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 20th. Finally, OTR Global downgraded Ross Stores to a “positive” rating in a research report on Monday, November 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $112.00.

ROST opened at $119.16 on Thursday. Ross Stores, Inc. has a twelve month low of $56.30 and a twelve month high of $124.16. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average price of $116.59 and a 200 day moving average price of $98.66. The company has a market cap of $42.48 billion, a PE ratio of 79.44, a price-to-earnings-growth ratio of 7.17 and a beta of 0.72.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Wednesday, November 18th. The apparel retailer reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.41. Ross Stores had a net margin of 4.25% and a return on equity of 22.08%. The firm had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.46 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts expect that Ross Stores, Inc. will post 1.27 earnings per share for the current year.

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

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