Blair William & Co. IL Reduces Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Blair William & Co. IL lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 8.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 6,603 shares of the apparel retailer’s stock after selling 579 shares during the period. Blair William & Co. IL’s holdings in Ross Stores were worth $616,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC grew its holdings in Ross Stores by 132.3% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 302 shares of the apparel retailer’s stock valued at $25,000 after buying an additional 172 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Ross Stores by 128.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 324 shares of the apparel retailer’s stock worth $30,000 after acquiring an additional 182 shares during the period. Ropes Wealth Advisors LLC grew its holdings in shares of Ross Stores by 522.0% in the third quarter. Ropes Wealth Advisors LLC now owns 566 shares of the apparel retailer’s stock valued at $53,000 after purchasing an additional 475 shares during the period. Jacobi Capital Management LLC grew its holdings in shares of Ross Stores by 43.7% in the third quarter. Jacobi Capital Management LLC now owns 658 shares of the apparel retailer’s stock valued at $61,000 after purchasing an additional 200 shares during the period. Finally, RMR Wealth Builders acquired a new stake in Ross Stores during the second quarter worth about $67,000. Hedge funds and other institutional investors own 84.67% of the company’s stock.

ROST stock opened at $108.99 on Friday. The company’s 50 day moving average price is $96.91 and its 200 day moving average price is $92.35. The firm has a market capitalization of $38.80 billion, a price-to-earnings ratio of 72.66, a PEG ratio of 7.17 and a beta of 0.72. Ross Stores, Inc. has a fifty-two week low of $56.30 and a fifty-two week high of $124.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.34 and a current ratio of 1.70.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Wednesday, November 18th. The apparel retailer reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate 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 in the prior year, the firm posted $1.03 EPS. Equities analysts forecast that Ross Stores, Inc. will post 1.27 EPS for the current fiscal year.

Several analysts have recently commented on ROST shares. Barclays lifted their price target on shares of Ross Stores from $109.00 to $126.00 and gave the company an “overweight” rating in a research report on Friday. Robert W. Baird lifted their target price on Ross Stores from $112.00 to $125.00 and gave the company an “outperform” rating in a research report on Friday. Telsey Advisory Group upgraded Ross Stores from a “market perform” rating to an “outperform” rating and set a $112.00 price target for the company in a report on Monday, August 17th. JPMorgan Chase & Co. boosted their price objective on shares of Ross Stores from $112.00 to $125.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Ross Stores in a research report on Friday, August 21st. One investment 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 stock. The company currently has an average rating of “Buy” and a consensus target price of $112.83.

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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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)