Truist Financial Corp Sells 4,586 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Truist Financial Corp reduced its position in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,441 shares of the apparel retailer's stock after selling 4,586 shares during the period. Truist Financial Corp's holdings in Ross Stores were worth $18,068,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ROST. ORG Partners LLC boosted 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 worth $36,000 after buying an additional 191 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Ross Stores in the 3rd quarter worth $53,000. Oakworth Capital Inc. purchased a new position in shares of Ross Stores in the 4th quarter worth $57,000. Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores in the 3rd quarter worth $59,000. Finally, AM Squared Ltd purchased a new position in shares of Ross Stores in the 3rd quarter worth $60,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Price Performance

Shares of NASDAQ:ROST traded down $2.94 during mid-day trading on Friday, reaching $136.15. The stock had a trading volume of 1,200,061 shares, compared to its average volume of 2,268,099. The business's 50 day moving average price is $148.27 and its 200 day moving average price is $147.79. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The company has a market cap of $44.92 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10. 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 (NASDAQ:ROST - Get Free Report) last released its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company posted $1.33 EPS. The company's revenue was up 3.6% compared to the same quarter last year. Research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ROST shares. Telsey Advisory Group restated a "market perform" rating and issued a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. Guggenheim reissued a "buy" rating and set a $180.00 price target on shares of Ross Stores in a report 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. Evercore ISI boosted their price objective on Ross Stores from $170.00 to $180.00 and gave the company an "outperform" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $171.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Seven 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 stock. According to data from MarketBeat.com, Ross Stores presently has an average rating of "Moderate Buy" and a consensus 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.