Key Financial Inc Purchases 77 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Key Financial Inc raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 13.2% in the fourth quarter, HoldingsChannel reports. The fund owned 662 shares of the apparel retailer’s stock after acquiring an additional 77 shares during the period. Key Financial Inc’s holdings in Ross Stores were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Ross Stores during the fourth quarter worth approximately $51,000. Venturi Wealth Management LLC boosted its holdings in shares of Ross Stores by 16.0% during the fourth quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer’s stock worth $979,000 after acquiring an additional 895 shares during the period. Pinnbrook Capital Management LP boosted its holdings in shares of Ross Stores by 18.8% during the fourth quarter. Pinnbrook Capital Management LP now owns 38,784 shares of the apparel retailer’s stock worth $5,867,000 after acquiring an additional 6,135 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Ross Stores by 3.7% during the fourth quarter. D.A. Davidson & CO. now owns 47,440 shares of the apparel retailer’s stock worth $7,176,000 after acquiring an additional 1,681 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of Ross Stores by 3.1% during the fourth quarter. CIBC Asset Management Inc now owns 106,732 shares of the apparel retailer’s stock worth $16,145,000 after acquiring an additional 3,165 shares during the period. Institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

ROST has been the subject of a number of research analyst reports. Morgan Stanley restated an “equal weight” rating and set a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Evercore ISI boosted their price target on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Guggenheim reiterated a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Stock Up 0.2 %

Shares of ROST opened at $139.09 on Wednesday. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The company has a market cap of $45.89 billion, a P/E ratio of 21.90, a P/E/G 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. The firm has a 50 day simple moving average of $148.85 and a two-hundred day simple moving average of $147.91.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, beating the consensus estimate of $1.41 by $0.07. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same period in the previous year, the business earned $1.33 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Research analysts forecast that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

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 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.