Signaturefd LLC lifted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,722 shares of the apparel retailer’s stock after buying an additional 486 shares during the period. Signaturefd LLC’s holdings in Ross Stores were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. grew its holdings in shares of Ross Stores by 4,663.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 231,754 shares of the apparel retailer’s stock valued at $25,458,000 after purchasing an additional 226,889 shares during the last quarter. Tuttle Tactical Management increased its holdings in shares of Ross Stores by 40.8% during the third quarter. Tuttle Tactical Management now owns 20,258 shares of the apparel retailer’s stock worth $2,148,000 after buying an additional 5,873 shares in the last quarter. AE Wealth Management LLC bought a new position in shares of Ross Stores in the 3rd quarter valued at $388,000. Janney Montgomery Scott LLC lifted its stake in shares of Ross Stores by 5.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 36,896 shares of the apparel retailer’s stock valued at $4,295,000 after acquiring an additional 2,054 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ross Stores by 62.3% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 20,001 shares of the apparel retailer’s stock valued at $2,197,000 after acquiring an additional 7,679 shares during the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
A number of brokerages recently weighed in on ROST. BMO Capital Markets started coverage on Ross Stores in a research report on Monday, February 3rd. They set an “outperform” rating and a $130.00 price objective on the stock. Loop Capital increased their target price on Ross Stores to $125.00 and gave the company a “positive” rating in a research report on Friday, November 22nd. Credit Suisse Group lifted their price target on Ross Stores from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. MKM Partners boosted their price target on Ross Stores from $114.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Finally, Nomura started coverage on Ross Stores in a research note on Thursday, November 7th. They issued a “neutral” rating and a $110.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $117.41.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.06. Ross Stores had a net margin of 10.47% and a return on equity of 49.88%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, analysts forecast that Ross Stores, Inc. will post 4.57 earnings per share for the current fiscal year.
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. 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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