13,374 Shares in Ross Stores, Inc. (NASDAQ:ROST) Purchased by C WorldWide Group Holding A S

C WorldWide Group Holding A S bought a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,374 shares of the apparel retailer’s stock, valued at approximately $2,023,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC boosted its position in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 191 shares during the period. Kestra Investment Management LLC bought a new position in shares of Ross Stores in the fourth quarter valued at approximately $51,000. Ashton Thomas Securities LLC bought a new position in shares of Ross Stores in the third quarter valued at approximately $53,000. Oakworth Capital Inc. bought a new position in shares of Ross Stores in the fourth quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of Ross Stores in the third quarter valued at approximately $59,000. Institutional investors own 86.86% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ROST. Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research report on Monday, November 18th. StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Evercore ISI lifted their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 target price on shares of Ross Stores in a research report on Friday, January 10th. Finally, 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. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Ross Stores Stock Performance

NASDAQ:ROST opened at $136.61 on Monday. The stock has a market cap of $45.07 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The firm’s fifty day simple moving average is $147.93 and its 200 day simple moving average is $147.95. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 earnings per share. As a group, research analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current year.

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 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.