Gs Investments Inc. lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,180 shares of the apparel retailer’s stock after selling 1,460 shares during the quarter. Ross Stores comprises about 2.0% of Gs Investments Inc.’s portfolio, making the stock its 13th biggest holding. Gs Investments Inc.’s holdings in Ross Stores were worth $2,892,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Advisory Services Network LLC lifted its holdings in Ross Stores by 9.0% in the third quarter. Advisory Services Network LLC now owns 6,441 shares of the apparel retailer’s stock worth $638,000 after purchasing an additional 533 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Ross Stores by 8.2% in the third quarter. Stratos Wealth Partners LTD. now owns 7,516 shares of the apparel retailer’s stock worth $745,000 after purchasing an additional 570 shares during the period. Keybank National Association OH lifted its holdings in Ross Stores by 2.3% in the second quarter. Keybank National Association OH now owns 25,137 shares of the apparel retailer’s stock worth $2,130,000 after purchasing an additional 577 shares during the period. Sather Financial Group Inc lifted its holdings in Ross Stores by 0.3% in the second quarter. Sather Financial Group Inc now owns 197,968 shares of the apparel retailer’s stock worth $16,778,000 after purchasing an additional 658 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in Ross Stores by 1.9% in the second quarter. Macquarie Group Ltd. now owns 35,880 shares of the apparel retailer’s stock worth $3,041,000 after purchasing an additional 660 shares during the period. 88.33% of the stock is owned by institutional investors and hedge funds.
NASDAQ ROST opened at $102.76 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.71. The stock has a market cap of $38.36 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.48 and a beta of 0.98. Ross Stores, Inc. has a 1 year low of $63.56 and a 1 year high of $104.35.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, August 23rd. The apparel retailer reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.03. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.66 billion. Ross Stores had a return on equity of 47.56% and a net margin of 10.41%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. On average, sell-side analysts expect that Ross Stores, Inc. will post 4.12 earnings per share for the current year.
A number of equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Ross Stores from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Barclays assumed coverage on shares of Ross Stores in a report on Tuesday, September 11th. They issued an “equal weight” rating and a $106.00 price target for the company. Zacks Investment Research downgraded shares of Ross Stores from a “buy” rating to a “sell” rating in a report on Wednesday, October 24th. DA Davidson assumed coverage on shares of Ross Stores in a report on Tuesday, September 25th. They issued a “neutral” rating and a $96.00 price target for the company. Finally, Loop Capital upped their price target on shares of Ross Stores from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eighteen have given a buy rating to the company. Ross Stores has an average rating of “Buy” and a consensus target price of $96.04.
In other Ross Stores news, CEO Barbara Rentler sold 20,000 shares of the business’s stock in a transaction dated Friday, October 12th. The stock was sold at an average price of $95.15, for a total transaction of $1,903,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Norman A. Ferber sold 10,144 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $94.90, for a total value of $962,665.60. Following the sale, the director now owns 25,127 shares in the company, valued at approximately $2,384,552.30. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
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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 in the United States. It 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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