TimesSquare Capital Management LLC Has $86.79 Million Stake in Ross Stores, Inc. (NASDAQ:ROST)

TimesSquare Capital Management LLC decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 573,767 shares of the apparel retailer’s stock after selling 34,253 shares during the period. Ross Stores comprises 1.3% of TimesSquare Capital Management LLC’s portfolio, making the stock its 18th largest holding. TimesSquare Capital Management LLC owned about 0.17% of Ross Stores worth $86,794,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC increased its holdings in shares of Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 191 shares during the period. Kestra Investment Management LLC acquired a new position in shares of Ross Stores in the 4th quarter valued at about $51,000. Ashton Thomas Securities LLC acquired a new position in shares of Ross Stores in the 3rd quarter valued at about $53,000. Oakworth Capital Inc. acquired a new position in shares of Ross Stores in the 4th quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ross Stores in the 3rd quarter valued at about $59,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Guggenheim reissued a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. TD Cowen lowered their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. JPMorgan Chase & Co. boosted their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Finally, Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and lowered their price target for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Stock Up 0.2 %

Shares of Ross Stores stock opened at $139.09 on Wednesday. The stock has a market capitalization of $45.89 billion, a P/E ratio of 21.90, a PEG ratio of 2.12 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $148.85 and a two-hundred day moving average price of $147.91. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 EPS for the quarter, topping 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 company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Ross Stores, Inc. will post 6.17 earnings per share 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.