C WorldWide Group Holding A S Takes Position in Ross Stores, Inc. (NASDAQ:ROST)

C WorldWide Group Holding A S bought a new stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,374 shares of the apparel retailer’s stock, valued at approximately $2,023,000.

A number of other hedge funds have also recently modified their holdings of the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Ross Stores by 1.8% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 52,209 shares of the apparel retailer’s stock valued at $7,898,000 after buying an additional 900 shares in the last quarter. Howard Capital Management Inc. boosted its holdings in shares of Ross Stores by 3.1% during the 4th quarter. Howard Capital Management Inc. now owns 9,589 shares of the apparel retailer’s stock valued at $1,451,000 after buying an additional 284 shares in the last quarter. PYA Waltman Capital LLC boosted its holdings in shares of Ross Stores by 0.3% during the 4th quarter. PYA Waltman Capital LLC now owns 128,923 shares of the apparel retailer’s stock valued at $19,502,000 after buying an additional 383 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Ross Stores by 106.2% during the 4th quarter. Ieq Capital LLC now owns 46,990 shares of the apparel retailer’s stock valued at $7,108,000 after buying an additional 24,201 shares in the last quarter. Finally, Joel Adams & Associates Inc. bought a new stake in shares of Ross Stores during the 4th quarter valued at $303,000. Institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

ROST has been the topic of a number of analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.06.

Ross Stores Price Performance

NASDAQ ROST opened at $136.61 on Monday. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The firm has a market capitalization of $45.07 billion, a P/E ratio of 21.51, a PEG ratio of 2.13 and a beta of 1.10. 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 company has a 50-day moving average price of $147.93 and a 200-day moving average price of $147.95.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Ross Stores, Inc. will post 6.17 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 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.