Wilkinson Global Asset Management LLC Sells 750 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Wilkinson Global Asset Management LLC cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,265 shares of the apparel retailer’s stock after selling 750 shares during the quarter. Wilkinson Global Asset Management LLC’s holdings in Ross Stores were worth $796,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. New York State Common Retirement Fund lifted its holdings in Ross Stores by 18.3% in the 4th quarter. New York State Common Retirement Fund now owns 233,571 shares of the apparel retailer’s stock worth $35,332,000 after purchasing an additional 36,200 shares in the last quarter. Key Financial Inc lifted its holdings in shares of Ross Stores by 13.2% in the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after buying an additional 77 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Ross Stores during the fourth quarter worth $51,000. Venturi Wealth Management LLC grew its stake in Ross Stores by 16.0% during the fourth quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer’s stock valued at $979,000 after acquiring an additional 895 shares in the last quarter. Finally, Pinnbrook Capital Management LP increased its holdings in Ross Stores by 18.8% in the 4th quarter. Pinnbrook Capital Management LP now owns 38,784 shares of the apparel retailer’s stock valued at $5,867,000 after acquiring an additional 6,135 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ROST shares. Guggenheim reaffirmed a “buy” rating and issued a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a research note on Monday, November 18th. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 target price on shares of Ross Stores in a research report on Friday, January 10th. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Trading Up 0.2 %

NASDAQ ROST opened at $139.09 on Wednesday. Ross Stores, Inc. has a 12 month low of $127.53 and a 12 month high of $163.60. The company’s 50-day moving average price is $148.85 and its 200-day moving average price is $147.91. The stock has a market cap of $45.89 billion, a PE ratio of 21.90, a PEG ratio of 2.12 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

Ross Stores (NASDAQ:ROST) last issued its 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. The business had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. Equities research analysts forecast 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.