Ross Stores, Inc. (ROST) Shares Sold by Comerica Bank

Comerica Bank trimmed its position in Ross Stores, Inc. (NASDAQ:ROST) by 8.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 112,793 shares of the apparel retailer’s stock after selling 10,438 shares during the period. Comerica Bank’s holdings in Ross Stores were worth $9,541,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Ross Stores during the 4th quarter worth about $132,000. Sit Investment Associates Inc. grew its position in shares of Ross Stores by 255.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after buying an additional 1,365 shares during the period. Harvest Fund Management Co. Ltd acquired a new position in shares of Ross Stores during the 4th quarter worth about $159,000. Zions Bancorporation grew its position in shares of Ross Stores by 338.9% during the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after buying an additional 1,637 shares during the period. Finally, CAPROCK Group Inc. acquired a new position in shares of Ross Stores during the 4th quarter worth about $204,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Ross Stores from $65.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, November 17th. SunTrust Banks restated a “buy” rating and set a $96.00 target price on shares of Ross Stores in a research report on Friday, February 2nd. Morgan Stanley boosted their target price on Ross Stores from $70.00 to $77.00 and gave the stock an “overweight” rating in a research report on Friday, November 17th. Nomura restated a “buy” rating and set a $90.00 target price (up from $80.00) on shares of Ross Stores in a research report on Wednesday, January 17th. Finally, BidaskClub upgraded Ross Stores from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Ross Stores currently has a consensus rating of “Buy” and a consensus target price of $74.95.

Ross Stores, Inc. (NASDAQ ROST) opened at $77.99 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 0.68. Ross Stores, Inc. has a 12-month low of $52.85 and a 12-month high of $85.66. The stock has a market capitalization of $29,800.00, a P/E ratio of 24.92, a P/E/G ratio of 2.07 and a beta of 1.06.

Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. research analysts anticipate that Ross Stores, Inc. will post 3.29 earnings per share for the current fiscal year.

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Ross Stores Company Profile

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.

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

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