Parkside Financial Bank & Trust Grows Position in Ross Stores, Inc. (NASDAQ:ROST)

Parkside Financial Bank & Trust grew its stake in Ross Stores, Inc. (NASDAQ:ROST) by 20.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,995 shares of the apparel retailer’s stock after purchasing an additional 511 shares during the period. Parkside Financial Bank & Trust’s holdings in Ross Stores were worth $453,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Peapack Gladstone Financial Corp grew its holdings in Ross Stores by 1.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock valued at $588,000 after buying an additional 70 shares in the last quarter. Howe & Rusling Inc. grew its holdings in Ross Stores by 1.9% in the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock valued at $600,000 after buying an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. grew its holdings in Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 76 shares in the last quarter. Alhambra Investment Management LLC grew its holdings in Ross Stores by 5.2% in the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock valued at $234,000 after buying an additional 76 shares in the last quarter. Finally, Key Financial Inc grew its holdings in shares of Ross Stores by 13.2% during the 4th quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 77 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

ROST stock opened at $140.32 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a market capitalization of $46.30 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.13 and a beta of 1.10. The business’s 50-day moving average is $146.79 and its two-hundred day moving average is $147.77. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROST. Guggenheim reiterated a “buy” rating and set a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. Evercore ISI increased their price target on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a report on Monday, February 24th. Finally, Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average 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.