Ross Stores, Inc. (ROST) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186,864 shares of the apparel retailer’s stock after selling 1,950 shares during the quarter. Retirement Systems of Alabama’s holdings in Ross Stores were worth $14,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Novare Capital Management LLC lifted its holdings in shares of Ross Stores by 4.4% during the fourth quarter. Novare Capital Management LLC now owns 15,302 shares of the apparel retailer’s stock valued at $1,228,000 after purchasing an additional 640 shares in the last quarter. Daiwa SB Investments Ltd. lifted its holdings in shares of Ross Stores by 5.1% during the fourth quarter. Daiwa SB Investments Ltd. now owns 13,750 shares of the apparel retailer’s stock valued at $1,103,000 after purchasing an additional 670 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Ross Stores by 5.2% during the third quarter. Private Advisor Group LLC now owns 16,256 shares of the apparel retailer’s stock valued at $1,061,000 after purchasing an additional 806 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in shares of Ross Stores by 26.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 4,584 shares of the apparel retailer’s stock valued at $368,000 after purchasing an additional 956 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Ross Stores by 2.1% during the third quarter. Amalgamated Bank now owns 46,364 shares of the apparel retailer’s stock valued at $2,994,000 after purchasing an additional 969 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $80.17 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. The company has a market capitalization of $30,804.79, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.17 and a beta of 1.07. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $85.66.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. sell-side analysts expect that Ross Stores, Inc. will post 3.29 EPS for the current year.

A number of research analysts have recently issued reports on the company. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a report on Wednesday, January 24th. Nomura reiterated a “buy” rating and set a $90.00 price objective (up previously from $80.00) on shares of Ross Stores in a research report on Wednesday, January 17th. SunTrust Banks reiterated a “buy” rating on shares of Ross Stores in a research report on Friday, February 2nd. Jefferies Group set a $66.00 price objective on Ross Stores and gave the company a “hold” rating in a research report on Saturday, November 18th. Finally, Cowen set a $78.00 price objective on Ross Stores and gave the company a “buy” rating in a research report on Saturday, November 18th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and a consensus price target of $73.90.

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About Ross Stores

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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