TimesSquare Capital Management LLC Trims Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

TimesSquare Capital Management LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 573,767 shares of the apparel retailer's stock after selling 34,253 shares during the period. Ross Stores accounts for about 1.3% of TimesSquare Capital Management LLC's portfolio, making the stock its 18th biggest holding. TimesSquare Capital Management LLC owned approximately 0.17% of Ross Stores worth $86,794,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ROST. Wellington Management Group LLP boosted its stake in shares of Ross Stores by 64.0% in the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer's stock worth $581,373,000 after acquiring an additional 1,507,922 shares during the period. Nordea Investment Management AB boosted its stake in shares of Ross Stores by 137.7% in the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer's stock worth $299,583,000 after acquiring an additional 1,144,774 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Ross Stores by 4,787.8% in the third quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer's stock worth $94,783,000 after acquiring an additional 616,860 shares during the period. Sarasin & Partners LLP bought a new position in shares of Ross Stores in the fourth quarter worth about $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its stake in Ross Stores by 478.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer's stock valued at $60,235,000 after buying an additional 331,007 shares during the last quarter. Institutional investors own 86.86% of the company's stock.

Ross Stores Trading Down 1.8 %

Shares of NASDAQ ROST traded down $2.48 during midday trading on Friday, hitting $136.61. The company's stock had a trading volume of 2,676,986 shares, 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. The business's 50 day moving average is $147.93 and its two-hundred day moving average is $147.80. 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 price-to-earnings-growth ratio of 2.14 and a beta of 1.10.

Ross Stores (NASDAQ:ROST - Get Free Report) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm 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 revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ROST. StockNews.com raised Ross Stores from a "hold" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on Ross Stores from $171.00 to $173.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Telsey Advisory Group reissued a "market perform" rating and set a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. Sanford C. Bernstein reissued a "market perform" rating and set a $165.00 price target (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Finally, Guggenheim reissued a "buy" rating and set a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.