Colony Group LLC reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 213,499 shares of the apparel retailer’s stock after selling 6,109 shares during the period. Ross Stores makes up approximately 1.5% of Colony Group LLC’s holdings, making the stock its 16th largest position. Colony Group LLC’s holdings in Ross Stores were worth $13,728,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Ross Stores by 19.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 22,761,511 shares of the apparel retailer’s stock worth $1,463,565,000 after buying an additional 3,702,651 shares during the last quarter. Two Sigma Advisers LP purchased a new position in shares of Ross Stores during the third quarter worth about $124,228,000. Forsta AP Fonden purchased a new position in shares of Ross Stores during the second quarter worth about $68,290,000. Suvretta Capital Management LLC purchased a new position in shares of Ross Stores during the second quarter worth about $65,817,000. Finally, Prudential Financial Inc. raised its position in shares of Ross Stores by 84.9% in the third quarter. Prudential Financial Inc. now owns 1,669,956 shares of the apparel retailer’s stock worth $107,378,000 after buying an additional 766,650 shares during the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 68.79 on Monday. 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 capitalization of $27.11 billion, a P/E ratio of 25.29 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.06. The business had revenue of $3.10 billion for the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. On average, analysts expect that Ross Stores, Inc. will post $2.82 earnings per share for the current year.
ROST has been the subject of a number of research reports. Zacks Investment Research lowered Ross Stores from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Royal Bank Of Canada increased their price target on Ross Stores from $65.00 to $68.00 and gave the company a “sector perform” rating in a research note on Friday, November 18th. Wedbush reaffirmed an “outperform” rating and set a $71.00 price target (up from $67.00) on shares of Ross Stores in a research note on Friday, November 18th. Credit Suisse Group reiterated a “hold” rating and set a $60.00 price objective on shares of Ross Stores in a research report on Friday, November 18th. Finally, Jefferies Group LLC set a $59.00 price objective on Ross Stores and gave the company a “hold” rating in a research report on Friday, November 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price 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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