335 Shares in Ross Stores, Inc. (NASDAQ:ROST) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 335 shares of the apparel retailer’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROST. ORG Partners LLC raised its holdings in Ross Stores by 434.1% during the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 191 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Ross Stores in the third quarter worth $53,000. Oakworth Capital Inc. acquired a new position in shares of Ross Stores in the fourth quarter worth $57,000. Banque Cantonale Vaudoise acquired a new position in shares of Ross Stores in the third quarter worth $59,000. Finally, AM Squared Ltd acquired a new position in shares of Ross Stores in the third quarter worth $60,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Price Performance

ROST stock opened at $136.61 on Friday. The stock has a 50-day moving average price of $147.93 and a two-hundred day moving average price of $147.80. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The company has a market cap of $45.07 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 price target (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 price target (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and an average target price of $169.06.

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 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.