Burney Co. reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 133,804 shares of the apparel retailer’s stock after selling 5,683 shares during the period. Burney Co.’s holdings in Ross Stores were worth $8,778,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its position in Ross Stores by 0.3% in the third quarter. Parkside Financial Bank & Trust now owns 1,792 shares of the apparel retailer’s stock worth $115,000 after buying an additional 6 shares during the period. Alpha Windward LLC increased its stake in shares of Ross Stores by 0.7% in the third quarter. Alpha Windward LLC now owns 2,872 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 21 shares during the last quarter. Bingham Osborn & Scarborough LLC increased its stake in shares of Ross Stores by 0.6% in the second quarter. Bingham Osborn & Scarborough LLC now owns 7,592 shares of the apparel retailer’s stock valued at $430,000 after buying an additional 46 shares during the last quarter. Washington Trust Bank increased its stake in shares of Ross Stores by 0.8% in the third quarter. Washington Trust Bank now owns 6,497 shares of the apparel retailer’s stock valued at $418,000 after buying an additional 50 shares during the last quarter. Finally, Pennsylvania Trust Co increased its stake in shares of Ross Stores by 1.1% in the third quarter. Pennsylvania Trust Co now owns 4,550 shares of the apparel retailer’s stock valued at $293,000 after buying an additional 50 shares during the last quarter. 90.06% of the stock is currently owned by institutional investors.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded up 0.91% during midday trading on Friday, reaching $68.79. 2,219,189 shares of the company’s stock traded hands. Ross Stores, Inc. has a 12 month low of $52.00 and a 12 month high of $69.81. The stock has a 50-day moving average price of $66.32 and a 200 day moving average price of $64.61. The firm has a market cap of $27.11 billion, a PE ratio of 25.29 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last posted its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The company had revenue of $3.10 billion for the quarter. During the same quarter in the prior year, the company earned $0.53 EPS. The company’s revenue was up 10.9% on a year-over-year basis. Equities research analysts predict that Ross Stores, Inc. will post $2.82 earnings per share for the current year.
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ROST has been the topic of several research analyst reports. Zacks Investment Research downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Royal Bank Of Canada raised their price objective on Ross Stores from $65.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Friday, November 18th. Wedbush reaffirmed an “outperform” rating and set a $71.00 price objective (up previously from $67.00) on shares of Ross Stores in a research note on Friday, November 18th. Credit Suisse Group reaffirmed a “hold” rating and set a $60.00 price objective on shares of Ross Stores in a research note on Friday, November 18th. Finally, Jefferies Group LLC set a $59.00 price objective on Ross Stores and gave the stock a “hold” rating in a research note on Friday, November 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $68.55.
Ross Stores Company Profile
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd’s DISCOUNTS. Ross is an off-price apparel and home fashion chain in the United States, with approximately 1,274 locations in over 34 states, the District of Columbia and Guam.
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