Kentucky Retirement Systems Insurance Trust Fund Sells 2,203 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 22.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,673 shares of the apparel retailer's stock after selling 2,203 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Ross Stores were worth $1,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Key Financial Inc raised its holdings in Ross Stores by 13.2% during the 4th quarter. Key Financial Inc now owns 662 shares of the apparel retailer's stock valued at $100,000 after acquiring an additional 77 shares during the period. Kestra Investment Management LLC bought a new stake in Ross Stores during the 4th quarter valued at $51,000. Venturi Wealth Management LLC raised its holdings in Ross Stores by 16.0% during the 4th quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer's stock valued at $979,000 after acquiring an additional 895 shares during the period. Pinnbrook Capital Management LP raised its holdings in Ross Stores by 18.8% during the 4th quarter. Pinnbrook Capital Management LP now owns 38,784 shares of the apparel retailer's stock valued at $5,867,000 after acquiring an additional 6,135 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in Ross Stores by 3.7% during the 4th quarter. D.A. Davidson & CO. now owns 47,440 shares of the apparel retailer's stock valued at $7,176,000 after acquiring an additional 1,681 shares during the period. Institutional investors own 86.86% of the company's stock.

Ross Stores Trading Down 1.8 %

NASDAQ ROST traded down $2.48 during trading on Friday, hitting $136.61. 2,676,986 shares of the company's stock traded hands, compared to its average volume of 2,314,120. The stock has a fifty day moving average of $148.27 and a two-hundred day moving average of $147.79. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. The firm has a market cap of $45.07 billion, a P/E ratio of 21.51, a PEG ratio of 2.14 and a beta of 1.10.

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup lowered shares of Ross Stores from a "buy" rating to a "neutral" rating and reduced their price target for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Guggenheim restated a "buy" rating and set a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. TD Cowen reduced their price target on shares of Ross Stores from $185.00 to $177.00 and set a "buy" rating for the company in a research report on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $165.00 price target on shares of Ross Stores in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from 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.