Roosevelt Investment Group Inc. Has $14.62 Million Position in Ross Stores, Inc. (ROST)

Roosevelt Investment Group Inc. boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 182,235 shares of the apparel retailer’s stock after purchasing an additional 2,134 shares during the period. Roosevelt Investment Group Inc.’s holdings in Ross Stores were worth $14,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Novare Capital Management LLC boosted its holdings in Ross Stores by 4.4% in 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 during the last quarter. Daiwa SB Investments Ltd. raised its stake in 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 buying an additional 670 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in Ross Stores by 3.3% during the second quarter. Ameritas Investment Partners Inc. now owns 23,803 shares of the apparel retailer’s stock valued at $1,373,000 after buying an additional 769 shares in the last quarter. Private Advisor Group LLC raised its stake in 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 buying an additional 806 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its stake in 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 buying an additional 956 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $77.35 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $29,547.53, a P/E ratio of 24.70, a PEG ratio of 2.09 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 announced its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. The business 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. research analysts predict that Ross Stores, Inc. will post 3.29 earnings per share for the current fiscal year.

ROST has been the topic of several research reports. Royal Bank of Canada set a $62.00 price objective on Ross Stores and gave the company a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Nomura set a $80.00 price objective on Ross Stores and gave the company a “buy” rating in a research note on Friday, November 17th. Buckingham Research restated a “neutral” rating and set a $71.00 price objective on shares of Ross Stores in a research note on Thursday, October 19th. Finally, Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Ross Stores presently has an average rating of “Buy” and a consensus target price of $73.90.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The original version of this piece of content can be viewed at https://sportsperspectives.com/2018/02/13/roosevelt-investment-group-inc-has-14-62-million-position-in-ross-stores-inc-rost.html.

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.

Want to see what other hedge funds are holding ROST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ross Stores, Inc. (NASDAQ:ROST).

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

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply