Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Wealth Alliance

Wealth Alliance lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,660 shares of the apparel retailer’s stock after selling 193 shares during the period. Wealth Alliance’s holdings in Ross Stores were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ROST. ORG Partners LLC grew its holdings in Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 191 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ross Stores in the 4th quarter worth about $51,000. Ashton Thomas Securities LLC acquired a new stake in Ross Stores in the 3rd quarter valued at about $53,000. Oakworth Capital Inc. purchased a new position in Ross Stores during the 4th quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in Ross Stores during the third quarter worth about $59,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Trading Down 1.8 %

ROST stock opened at $136.61 on Friday. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The company has a market cap of $45.07 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.13 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $147.93 and a 200-day simple moving average of $147.87.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping the consensus estimate of $1.41 by $0.07. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. On average, equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Analyst Upgrades and Downgrades

ROST has been the topic of several research reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. 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. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Finally, Evercore ISI boosted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and an average price target 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.