Citizens Financial Group Inc RI grew its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 11.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,895 shares of the apparel retailer’s stock after acquiring an additional 197 shares during the period. Citizens Financial Group Inc RI’s holdings in Ross Stores were worth $165,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Summitry LLC bought a new stake in shares of Ross Stores during the first quarter valued at approximately $22,870,000. Fiera Capital Corp raised its stake in shares of Ross Stores by 9.9% during the first quarter. Fiera Capital Corp now owns 307,594 shares of the apparel retailer’s stock valued at $26,751,000 after acquiring an additional 27,585 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in Ross Stores by 1.8% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,454 shares of the apparel retailer’s stock worth $996,000 after buying an additional 199 shares in the last quarter. Swiss National Bank raised its stake in Ross Stores by 20.6% in the first quarter. Swiss National Bank now owns 1,679,098 shares of the apparel retailer’s stock worth $146,031,000 after buying an additional 286,800 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new position in Ross Stores in the first quarter worth approximately $2,024,000. 86.38% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. Gordon Haskett assumed coverage on shares of Ross Stores in a research note on Wednesday, January 29th. They issued an “accumulate” rating and a $132.00 price objective for the company. Cfra boosted their price objective on shares of Ross Stores from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. Loop Capital reduced their price objective on shares of Ross Stores from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank reduced their price objective on shares of Ross Stores from $103.00 to $99.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, UBS Group reduced their price objective on shares of Ross Stores from $124.00 to $86.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $108.54.
Ross Stores (NASDAQ:ROST) last announced its quarterly earnings data on Thursday, May 21st. The apparel retailer reported ($0.87) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.86). The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Ross Stores had a net margin of 6.63% and a return on equity of 34.38%. Ross Stores’s quarterly revenue was down 51.4% compared to the same quarter last year. During the same period last year, the firm earned $1.15 earnings per share. As a group, research analysts anticipate that Ross Stores, Inc. will post 2.55 EPS for the current fiscal year.
Ross Stores Company 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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.
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