Sciencast Management LP Purchases Shares of 9,259 Ross Stores, Inc. (NASDAQ:ROST)

Sciencast Management LP purchased a new stake in Ross Stores, Inc. (NASDAQ:ROST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,259 shares of the apparel retailer’s stock, valued at approximately $747,000.

Other institutional investors and hedge funds have also modified their holdings of the company. CX Institutional lifted its stake in Ross Stores by 11,642.0% in the first quarter. CX Institutional now owns 15,382 shares of the apparel retailer’s stock valued at $1,338,000 after buying an additional 15,251 shares during the period. Two Sigma Advisers LP acquired a new position in Ross Stores in the first quarter valued at approximately $1,339,000. Ziegler Capital Management LLC lifted its stake in Ross Stores by 710.7% in the second quarter. Ziegler Capital Management LLC now owns 51,693 shares of the apparel retailer’s stock valued at $4,406,000 after buying an additional 45,317 shares during the period. Balyasny Asset Management LLC lifted its stake in Ross Stores by 54.5% in the first quarter. Balyasny Asset Management LLC now owns 498,574 shares of the apparel retailer’s stock valued at $43,361,000 after buying an additional 175,777 shares during the period. Finally, DNB Asset Management AS lifted its stake in Ross Stores by 10.5% in the second quarter. DNB Asset Management AS now owns 41,067 shares of the apparel retailer’s stock valued at $3,501,000 after buying an additional 3,904 shares during the period. 84.83% of the stock is currently owned by hedge funds and other institutional investors.

ROST stock opened at $89.67 on Friday. The stock’s fifty day simple moving average is $87.90 and its two-hundred day simple moving average is $96.17. The company has a current ratio of 1.75, a quick ratio of 1.08 and a debt-to-equity ratio of 1.75. Ross Stores, Inc. has a 1-year low of $56.30 and a 1-year high of $124.16. The stock has a market cap of $31.92 billion, a P/E ratio of 34.76, a P/E/G ratio of 5.30 and a beta of 0.80.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, May 21st. The apparel retailer reported ($0.87) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.86). Ross Stores had a return on equity of 35.71% and a net margin of 6.63%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was down 51.4% on a year-over-year basis. As a group, analysts forecast that Ross Stores, Inc. will post 1.68 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on ROST shares. Deutsche Bank decreased their price objective on Ross Stores from $103.00 to $99.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wells Fargo & Co boosted their price objective on Ross Stores from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. BidaskClub upgraded Ross Stores from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. DA Davidson upgraded Ross Stores from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $87.00 to $108.00 in a report on Tuesday, April 28th. Finally, Bank of America restated a “buy” rating and set a $110.00 price objective (up previously from $105.00) on shares of Ross Stores in a report on Friday, May 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the stock. Ross Stores has a consensus rating of “Buy” and a consensus price target of $108.85.

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

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