IFM Investors Pty Ltd lifted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,536 shares of the apparel retailer’s stock after purchasing an additional 4,927 shares during the quarter. IFM Investors Pty Ltd’s holdings in Ross Stores were worth $4,241,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Ross Stores by 96.7% during the third quarter. Victory Capital Management Inc. now owns 3,277,830 shares of the apparel retailer’s stock worth $305,886,000 after buying an additional 1,611,565 shares in the last quarter. CI Investments Inc. grew its holdings in shares of Ross Stores by 1,565.9% during the 3rd quarter. CI Investments Inc. now owns 1,304,759 shares of the apparel retailer’s stock worth $121,760,000 after purchasing an additional 1,226,437 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ross Stores by 64.7% during the 2nd quarter. Principal Financial Group Inc. now owns 1,921,616 shares of the apparel retailer’s stock worth $163,799,000 after purchasing an additional 755,200 shares in the last quarter. Hound Partners LLC acquired a new stake in shares of Ross Stores during the 3rd quarter worth approximately $63,897,000. Finally, Alecta Pensionsforsakring Omsesidigt grew its holdings in shares of Ross Stores by 14.3% during the 3rd quarter. Alecta Pensionsforsakring Omsesidigt now owns 4,000,000 shares of the apparel retailer’s stock worth $373,280,000 after purchasing an additional 500,000 shares in the last quarter. 84.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ross Stores stock opened at $119.16 on Thursday. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.80. Ross Stores, Inc. has a 12 month low of $56.30 and a 12 month high of $124.16. The business has a fifty day simple moving average of $116.59 and a 200 day simple moving average of $98.66. The stock has a market cap of $42.48 billion, a PE ratio of 79.44, a price-to-earnings-growth ratio of 7.17 and a beta of 0.72.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Wednesday, November 18th. The apparel retailer reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.41. Ross Stores had a return on equity of 22.08% and a net margin of 4.25%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.46 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Analysts expect that Ross Stores, Inc. will post 1.27 EPS for the current fiscal year.

Several analysts have recently weighed in on the company. ValuEngine lowered Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday, January 5th. MKM Partners lifted their price objective on Ross Stores from $105.00 to $124.00 in a report on Friday, November 20th. Royal Bank of Canada raised their target price on Ross Stores from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, November 20th. Morgan Stanley raised their target price on Ross Stores from $111.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, November 23rd. Finally, Loop Capital raised their target price on Ross Stores from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, November 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have assigned a buy rating to the stock. Ross Stores currently has a consensus rating of “Buy” and a consensus target price of $112.00.

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 brands. Its stores 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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