PYA Waltman Capital LLC Raises Position in Ross Stores, Inc. (NASDAQ:ROST)

PYA Waltman Capital LLC boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 128,923 shares of the apparel retailer’s stock after acquiring an additional 383 shares during the quarter. Ross Stores comprises about 6.3% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 3rd biggest position. PYA Waltman Capital LLC’s holdings in Ross Stores were worth $19,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Peapack Gladstone Financial Corp grew its position in Ross Stores by 1.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock worth $588,000 after purchasing an additional 70 shares during the period. Howe & Rusling Inc. increased its holdings in Ross Stores by 1.9% in the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock valued at $600,000 after purchasing an additional 73 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock valued at $71,000 after buying an additional 76 shares during the period. Alhambra Investment Management LLC lifted its position in shares of Ross Stores by 5.2% during the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock worth $234,000 after purchasing an additional 76 shares during the last quarter. Finally, Key Financial Inc lifted its position in shares of Ross Stores by 13.2% during the 4th quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Performance

Shares of NASDAQ:ROST opened at $139.09 on Friday. 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 company has a market capitalization of $45.89 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.14 and a beta of 1.10. The firm’s 50 day simple moving average is $148.27 and its 200 day simple moving average is $147.79. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, topping 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 company had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. During the same period last year, the business earned $1.33 EPS. The business’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that Ross Stores, Inc. will post 6.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ROST has been the topic of a number of recent research reports. TD Cowen dropped their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. StockNews.com raised shares of Ross Stores from a “hold” rating to a “buy” rating in a report on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Evercore ISI upped their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.06.

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.