Rhumbline Advisers Sells 12,021 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Rhumbline Advisers trimmed its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,688 shares of the apparel retailer's stock after selling 12,021 shares during the period. Rhumbline Advisers owned about 0.20% of Ross Stores worth $97,824,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC raised its stake in shares of Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 191 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Ross Stores in the 3rd quarter worth about $53,000. Oakworth Capital Inc. purchased a new stake in shares of Ross Stores in the fourth quarter valued at $57,000. Banque Cantonale Vaudoise purchased a new stake in shares of Ross Stores in the third quarter worth approximately $59,000. Finally, AM Squared Ltd purchased a new position in shares of Ross Stores during the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Trading Up 0.5 %

ROST traded up $0.64 during trading on Wednesday, reaching $139.73. 2,405,144 shares of the company's stock were exchanged, compared to its average volume of 2,293,898. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The firm has a market capitalization of $46.10 billion, a PE ratio of 22.00, a P/E/G ratio of 2.12 and a beta of 1.10. The company's fifty day moving average price is $148.85 and its 200-day moving average price is $147.91.

Ross Stores (NASDAQ:ROST - Get Free Report) last announced 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 company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The firm's revenue was up 3.6% on a year-over-year basis. As a group, equities analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ROST shares. Evercore ISI lifted 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. Citigroup lowered Ross Stores from a "buy" rating to a "neutral" rating and cut their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Telsey Advisory Group reissued a "market perform" rating and set a $175.00 target price on shares of Ross Stores in a research report on Monday, November 18th. Morgan Stanley reissued an "equal weight" rating and issued a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price on Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Seven investment 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 MarketBeat.com, Ross Stores currently has an average rating of "Moderate Buy" and an average target price 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.