PYA Waltman Capital LLC Grows Holdings in Ross Stores, Inc. (NASDAQ:ROST)

PYA Waltman Capital LLC lifted its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 128,923 shares of the apparel retailer’s stock after buying an additional 383 shares during the quarter. Ross Stores accounts for about 6.3% of PYA Waltman Capital LLC’s holdings, making the stock its 3rd biggest position. PYA Waltman Capital LLC’s holdings in Ross Stores were worth $19,502,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ROST. ORG Partners LLC raised its position in Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 191 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Ross Stores during the 4th quarter worth about $51,000. Ashton Thomas Securities LLC purchased a new stake in shares of Ross Stores in the 3rd quarter valued at about $53,000. Oakworth Capital Inc. purchased a new position in shares of Ross Stores during the 4th quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores during the 3rd quarter valued at about $59,000. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $139.09 on Friday. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The business has a 50 day moving average price of $148.27 and a two-hundred day moving average price of $147.79. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The firm has a market cap of $45.89 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ROST shares. Guggenheim reiterated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. TD Cowen cut their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Evercore ISI boosted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. boosted their target price on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $169.06.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.