Chevy Chase Trust Holdings LLC Trims Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Chevy Chase Trust Holdings LLC lowered its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 2.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 174,940 shares of the apparel retailer's stock after selling 4,753 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Ross Stores worth $26,463,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ROST. Creative Planning grew its holdings in shares of Ross Stores by 2.5% in the third quarter. Creative Planning now owns 59,913 shares of the apparel retailer's stock worth $9,017,000 after acquiring an additional 1,442 shares during the period. Vontobel Holding Ltd. grew its holdings in Ross Stores by 1.0% during the third quarter. Vontobel Holding Ltd. now owns 44,213 shares of the apparel retailer's stock valued at $6,654,000 after purchasing an additional 435 shares during the period. One Wealth Advisors LLC bought a new stake in Ross Stores during the third quarter valued at about $213,000. Bleakley Financial Group LLC boosted its stake in shares of Ross Stores by 1.4% in the third quarter. Bleakley Financial Group LLC now owns 6,214 shares of the apparel retailer's stock worth $935,000 after acquiring an additional 87 shares during the period. Finally, NatWest Group plc boosted its stake in shares of Ross Stores by 18.1% in the third quarter. NatWest Group plc now owns 42,434 shares of the apparel retailer's stock worth $6,387,000 after acquiring an additional 6,493 shares during the period. Institutional investors own 86.86% of the company's stock.

Ross Stores Trading Up 0.5 %

ROST stock traded up $0.64 during midday trading on Wednesday, reaching $139.73. 2,405,162 shares of the company traded hands, compared to its average volume of 2,293,898. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The business has a 50 day moving average of $148.85 and a 200-day moving average of $147.91. The firm has a market capitalization of $46.10 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 2.12 and a beta of 1.10.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ROST has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Morgan Stanley reaffirmed an "equal weight" rating and issued a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. StockNews.com raised Ross Stores from a "hold" rating to a "buy" rating in a research note on Monday. Evercore ISI upped their price objective on Ross Stores from $170.00 to $180.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, Guggenheim reaffirmed a "buy" rating and issued a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $169.06.

Ross Stores Company 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.