Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC reduced its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 90.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390 shares of the apparel retailer’s stock after selling 12,874 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ross Stores were worth $210,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROST. Joel Adams & Associates Inc. acquired a new position in Ross Stores in the fourth quarter valued at $303,000. New York State Common Retirement Fund increased its stake in Ross Stores by 18.3% in the fourth quarter. New York State Common Retirement Fund now owns 233,571 shares of the apparel retailer’s stock valued at $35,332,000 after purchasing an additional 36,200 shares during the period. Key Financial Inc increased its stake in Ross Stores by 13.2% in the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock valued at $100,000 after purchasing an additional 77 shares during the period. Kestra Investment Management LLC acquired a new position in Ross Stores in the fourth quarter valued at $51,000. Finally, Venturi Wealth Management LLC increased its stake in Ross Stores by 16.0% in the fourth quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer’s stock valued at $979,000 after purchasing an additional 895 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ROST. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research note on Friday, January 10th. 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, February 17th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a report on Monday, November 18th. Finally, Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and lowered their target price for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Down 1.8 %

ROST stock opened at $136.61 on Friday. The company has a market cap of $45.07 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.14 and a beta of 1.10. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The company’s 50-day moving average price is $147.93 and its 200 day moving average price is $147.80. 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 announced its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (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 company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share 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.