Tredje AP fonden Has $25.50 Million Stock Position in Ross Stores, Inc. $ROST

Tredje AP fonden lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 18.4% in the third quarter, Holdings Channel.com reports. The fund owned 167,340 shares of the apparel retailer’s stock after selling 37,700 shares during the period. Tredje AP fonden’s holdings in Ross Stores were worth $25,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Woodline Partners LP boosted its holdings in Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after purchasing an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after buying an additional 117 shares during the last quarter. Phoenix Financial Ltd. bought a new position in shares of Ross Stores in the second quarter worth about $214,000. D.A. Davidson & CO. lifted its holdings in Ross Stores by 18.6% during the 2nd quarter. D.A. Davidson & CO. now owns 60,737 shares of the apparel retailer’s stock worth $7,749,000 after buying an additional 9,518 shares in the last quarter. Finally, Exencial Wealth Advisors LLC acquired a new position in shares of Ross Stores during the second quarter valued at $605,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on ROST shares. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a research note on Wednesday, December 10th. Telsey Advisory Group lifted their price target on Ross Stores from $160.00 to $175.00 and gave the company a “market perform” rating in a research note on Friday, November 21st. Evercore increased their price target on Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Deutsche Bank Aktiengesellschaft set a $221.00 target price on Ross Stores in a research note on Thursday, January 8th. Finally, UBS Group increased their target price on Ross Stores from $181.00 to $199.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.94.

Ross Stores Price Performance

Ross Stores stock opened at $201.45 on Friday. The stock has a market capitalization of $65.16 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 3.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52. Ross Stores, Inc. has a 52 week low of $122.36 and a 52 week high of $203.31. The stock has a fifty day moving average of $188.59 and a 200-day moving average of $167.91.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 20th. The apparel retailer reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.20. Ross Stores had a net margin of 9.47% and a return on equity of 36.75%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.38 billion. During the same period last year, the company posted $1.48 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

About Ross Stores

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.