VisionPoint Advisory Group LLC Lowers Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

VisionPoint Advisory Group LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,990 shares of the apparel retailer’s stock after selling 210 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in Ross Stores were worth $2,440,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ROST. Wellington Management Group LLP lifted its stake in shares of Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after buying an additional 1,507,922 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after buying an additional 1,144,774 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Ross Stores by 4,787.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after buying an additional 616,860 shares in the last quarter. Sarasin & Partners LLP bought a new stake in Ross Stores in the 4th quarter valued at $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Ross Stores by 478.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer’s stock valued at $60,235,000 after purchasing an additional 331,007 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $139.09 on Friday. The stock has a market cap of $45.89 billion, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The stock has a 50 day moving average price of $148.27 and a 200-day moving average price of $147.79. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60.

Ross Stores (NASDAQ:ROST) last issued its quarterly earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same period last year, the company earned $1.33 EPS. Ross Stores’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current year.

Analyst Upgrades and Downgrades

ROST has been the subject of several research reports. Wells Fargo & Company reissued an “equal weight” rating and set a $165.00 price objective on shares of Ross Stores in a report on Friday, January 10th. Guggenheim restated a “buy” rating and set a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. TD Cowen cut their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Morgan Stanley restated an “equal weight” rating and set a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $169.06.

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 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.