Calamos Advisors LLC lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 11.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 57,110 shares of the apparel retailer’s stock after selling 7,129 shares during the period. Calamos Advisors LLC’s holdings in Ross Stores were worth $3,746,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in ROST. Huntington National Bank increased its stake in Ross Stores by 323.9% in the second quarter. Huntington National Bank now owns 15,629 shares of the apparel retailer’s stock worth $886,000 after buying an additional 11,942 shares during the last quarter. Henderson Group PLC increased its stake in Ross Stores by 2.8% in the second quarter. Henderson Group PLC now owns 47,168 shares of the apparel retailer’s stock worth $2,674,000 after buying an additional 1,304 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its stake in Ross Stores by 1.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 31,102 shares of the apparel retailer’s stock worth $1,763,000 after buying an additional 311 shares during the last quarter. Bristol Gate Capital Partners Inc. increased its stake in Ross Stores by 17.4% in the second quarter. Bristol Gate Capital Partners Inc. now owns 508,730 shares of the apparel retailer’s stock worth $28,840,000 after buying an additional 75,398 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. increased its stake in Ross Stores by 2.6% in the second quarter. Penobscot Investment Management Company Inc. now owns 6,430 shares of the apparel retailer’s stock worth $365,000 after buying an additional 160 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Ross Stores, Inc. (NASDAQ:ROST) traded up 0.35% during midday trading on Tuesday, reaching $68.29. The company’s stock had a trading volume of 290,623 shares. Ross Stores, Inc. has a 12 month low of $52.00 and a 12 month high of $69.81. The stock’s 50-day moving average is $66.35 and its 200 day moving average is $64.70. The stock has a market capitalization of $26.91 billion, a P/E ratio of 25.11 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The firm earned $3.10 billion during the quarter. Ross Stores had a return on equity of 42.09% and a net margin of 8.58%. Ross Stores’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. On average, analysts expect that Ross Stores, Inc. will post $2.82 earnings per share for the current fiscal year.
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ROST has been the topic of a number of research analyst reports. Jefferies Group LLC set a $59.00 target price on Ross Stores and gave the stock a “hold” rating in a research report on Friday, November 18th. Credit Suisse Group reiterated a “neutral” rating and set a $60.00 target price on shares of Ross Stores in a research report on Tuesday, December 6th. Deutsche Bank AG upped their price objective on Ross Stores from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, January 18th. Royal Bank Of Canada upped their price objective on Ross Stores from $65.00 to $68.00 and gave the company a “sector perform” rating in a research report on Friday, November 18th. Finally, Wedbush restated an “outperform” rating and issued a $71.00 price objective (up from $67.00) on shares of Ross Stores in a research report on Friday, November 18th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. Ross Stores has an average rating of “Hold” and a consensus price target of $68.55.
About Ross Stores
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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