Flossbach Von Storch SE Sells 22,433 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Flossbach Von Storch SE cut its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 24.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,794 shares of the apparel retailer's stock after selling 22,433 shares during the period. Flossbach Von Storch SE's holdings in Ross Stores were worth $10,255,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC raised its position in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock valued at $36,000 after buying an additional 191 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ross Stores in the 4th quarter valued at $51,000. Ashton Thomas Securities LLC bought a new stake in shares of Ross Stores during the 3rd quarter valued at $53,000. Oakworth Capital Inc. acquired a new stake in shares of Ross Stores during the 4th quarter worth $57,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Ross Stores in the third quarter worth $59,000. Institutional investors and hedge funds own 86.86% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an "equal weight" rating and set a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Telsey Advisory Group reaffirmed a "market perform" rating and set a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Citigroup cut shares of Ross Stores from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their target price on Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Finally, Sanford C. Bernstein reissued a "market perform" rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $169.06.

Ross Stores Trading Down 1.8 %

ROST traded down $2.48 during trading on Friday, reaching $136.61. 2,676,986 shares of the company's stock were exchanged, compared to its average volume of 2,314,120. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The firm has a fifty day moving average price of $148.27 and a two-hundred day moving average price of $147.79. The stock has a market capitalization of $45.07 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10.

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

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.