Wade G W & Inc. trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,814 shares of the apparel retailer’s stock after selling 214 shares during the period. Wade G W & Inc.’s holdings in Ross Stores were worth $234,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ROST. Moody National Bank Trust Division acquired a new position in Ross Stores in the 4th quarter worth about $30,000. Legacy Financial Advisors Inc. increased its position in Ross Stores by 114.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 413 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 220 shares during the last quarter. Csenge Advisory Group acquired a new position in Ross Stores in the 3rd quarter worth about $69,000. Quadrant Capital Group LLC increased its position in Ross Stores by 21.4% in the 4th quarter. Quadrant Capital Group LLC now owns 997 shares of the apparel retailer’s stock worth $73,000 after purchasing an additional 176 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in Ross Stores by 856.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,014 shares of the apparel retailer’s stock worth $101,000 after purchasing an additional 908 shares during the last quarter. 92.27% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on ROST shares. BidaskClub raised Ross Stores from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Citigroup decreased their price target on Ross Stores from $98.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, November 21st. Wells Fargo & Co reiterated a “buy” rating on shares of Ross Stores in a research note on Tuesday, November 20th. Loop Capital upped their price target on Ross Stores to $105.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Finally, DA Davidson decreased their price target on Ross Stores to $84.00 and set an “average” rating for the company in a research note on Wednesday, November 21st. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $95.92.

NASDAQ:ROST traded up $0.96 during mid-day trading on Monday, hitting $93.91. 36,485 shares of the company’s stock traded hands, compared to its average volume of 1,975,559. Ross Stores, Inc. has a 12 month low of $73.76 and a 12 month high of $104.35. The company has a market cap of $34.69 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.08 and a beta of 0.91. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.01. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Analysts anticipate that Ross Stores, Inc. will post 4.2 EPS for the current year.

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About Ross Stores

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 brands in the United States. It primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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