Boston Financial Mangement LLC Decreases Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Boston Financial Mangement LLC lowered its position in Ross Stores, Inc. (NASDAQ:ROST) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,966 shares of the apparel retailer’s stock after selling 1,600 shares during the quarter. Boston Financial Mangement LLC’s holdings in Ross Stores were worth $5,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of ROST. Ieq Capital LLC boosted its stake in shares of Ross Stores by 106.2% in the 4th quarter. Ieq Capital LLC now owns 46,990 shares of the apparel retailer’s stock valued at $7,108,000 after purchasing an additional 24,201 shares in the last quarter. Joel Adams & Associates Inc. bought a new stake in Ross Stores in the fourth quarter worth $303,000. New York State Common Retirement Fund lifted its stake in Ross Stores by 18.3% in the fourth quarter. New York State Common Retirement Fund now owns 233,571 shares of the apparel retailer’s stock worth $35,332,000 after purchasing an additional 36,200 shares during the last quarter. Key Financial Inc boosted its position in Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock valued at $100,000 after buying an additional 77 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Ross Stores during the fourth quarter valued at about $51,000. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Trading Up 0.5 %

ROST opened at $139.73 on Thursday. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The stock has a market cap of $46.10 billion, a PE ratio of 22.00, a PEG ratio of 2.13 and a beta of 1.10. The business has a 50 day moving average of $148.56 and a 200-day moving average of $147.85.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data 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 business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.15 billion. During the same quarter in the prior year, the company earned $1.33 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Equities research analysts predict that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ROST has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. StockNews.com raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Monday. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday, November 18th. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price target for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Finally, TD Cowen cut their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.