2,000 Shares in Ross Stores, Inc. (NASDAQ:ROST) Acquired by Joel Adams & Associates Inc.

Joel Adams & Associates Inc. bought a new position in Ross Stores, Inc. (NASDAQ:ROST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,000 shares of the apparel retailer’s stock, valued at approximately $303,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp lifted its holdings in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock worth $2,127,802,000 after purchasing an additional 67,861 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ross Stores by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock worth $1,222,915,000 after purchasing an additional 34,475 shares during the last quarter. FMR LLC lifted its holdings in Ross Stores by 4.9% in the 3rd quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after purchasing an additional 316,652 shares during the last quarter. Marshfield Associates lifted its holdings in shares of Ross Stores by 0.4% during the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock worth $588,337,000 after buying an additional 14,193 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Ross Stores by 64.0% during the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after buying an additional 1,507,922 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ROST has been the subject of a number of research analyst reports. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 price target (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price target (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $139.09 on Wednesday. The business’s fifty day moving average price is $148.85 and its two-hundred day moving average price is $147.91. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. The stock has a market capitalization of $45.89 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.15 billion. During the same period in the prior year, the business posted $1.33 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts predict that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Company 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.