Fifth Third Bancorp lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 15.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,546 shares of the apparel retailer’s stock after selling 4,724 shares during the period. Fifth Third Bancorp’s holdings in Ross Stores were worth $2,477,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in ROST. Flagship Harbor Advisors LLC raised its holdings in shares of Ross Stores by 132.3% in the second quarter. Flagship Harbor Advisors LLC now owns 302 shares of the apparel retailer’s stock valued at $25,000 after purchasing an additional 172 shares during the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Ross Stores by 128.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 324 shares of the apparel retailer’s stock valued at $30,000 after buying an additional 182 shares during the period. Ropes Wealth Advisors LLC grew its position in Ross Stores by 522.0% during the third quarter. Ropes Wealth Advisors LLC now owns 566 shares of the apparel retailer’s stock valued at $53,000 after buying an additional 475 shares during the period. Jacobi Capital Management LLC grew its position in Ross Stores by 43.7% during the third quarter. Jacobi Capital Management LLC now owns 658 shares of the apparel retailer’s stock valued at $61,000 after buying an additional 200 shares during the period. Finally, RMR Wealth Builders bought a new position in Ross Stores during the second quarter valued at about $67,000. Institutional investors own 84.67% of the company’s stock.
Several equities analysts recently weighed in on ROST shares. OTR Global lowered shares of Ross Stores to a “positive” rating in a research report on Monday, November 9th. ValuEngine upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, November 11th. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $112.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday. Gordon Haskett upgraded shares of Ross Stores from an “accumulate” rating to a “buy” rating and set a $126.00 price target for the company in a research report on Thursday, November 12th. Finally, TheStreet upgraded shares of Ross Stores from a “c” rating to a “b-” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $112.83.
ROST stock opened at $108.99 on Friday. The firm has a 50 day moving average of $96.91 and a 200-day moving average of $92.35. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 0.80. Ross Stores, Inc. has a 12 month low of $56.30 and a 12 month high of $124.16. The firm has a market capitalization of $38.80 billion, a P/E ratio of 72.66, a price-to-earnings-growth ratio of 7.17 and a beta of 0.72.
Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Wednesday, November 18th. The apparel retailer reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.41. Ross Stores had a net margin of 4.25% and a return on equity of 22.08%. During the same period last year, the company earned $1.03 earnings per share. Sell-side analysts predict that Ross Stores, Inc. will post 1.27 EPS for the current 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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