Bristol Gate Capital Partners Inc. trimmed its stake in Ross Stores, Inc. (NASDAQ:ROST) by 19.1% during the 4th quarter, HoldingsChannel reports. The fund owned 422,816 shares of the apparel retailer’s stock after selling 99,831 shares during the quarter. Ross Stores comprises 4.7% of Bristol Gate Capital Partners Inc.’s holdings, making the stock its biggest position. Bristol Gate Capital Partners Inc.’s holdings in Ross Stores were worth $33,931,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Nordea Investment Management AB raised its stake in shares of Ross Stores by 8,982.4% in the third quarter. Nordea Investment Management AB now owns 1,617,840 shares of the apparel retailer’s stock worth $104,464,000 after purchasing an additional 1,600,027 shares during the last quarter. Rockefeller Financial Services Inc. purchased a new position in shares of Ross Stores in the fourth quarter worth $117,845,000. Wells Fargo & Company MN raised its stake in shares of Ross Stores by 39.2% in the third quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock worth $236,257,000 after purchasing an additional 1,029,990 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Ross Stores by 13.1% in the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock worth $473,476,000 after purchasing an additional 849,789 shares during the last quarter. Finally, Flossbach Von Storch AG raised its stake in shares of Ross Stores by 10.7% in the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock worth $357,277,000 after purchasing an additional 532,900 shares during the last quarter. 91.47% of the stock is currently owned by institutional investors and hedge funds.

ROST has been the subject of several recent analyst reports. Royal Bank of Canada set a $62.00 price target on Ross Stores and gave the stock a “hold” rating in a research note on Monday, October 30th. Nomura set a $80.00 price target on Ross Stores and gave the stock a “buy” rating in a research note on Friday, November 17th. Buckingham Research restated a “neutral” rating and issued a $71.00 price target on shares of Ross Stores in a research note on Thursday, October 19th. BidaskClub upgraded Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. 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 stock. Ross Stores presently has an average rating of “Buy” and a consensus price target of $73.90.

Shares of Ross Stores, Inc. (NASDAQ ROST) opened at $77.32 on Friday. The company has a market capitalization of $30,440.00, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 1 year low of $52.85 and a 1 year high of $85.66.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.05. The company had revenue of $3.33 billion during 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%. Ross Stores’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. equities analysts forecast that Ross Stores, Inc. will post 3.29 EPS for the current year.

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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.

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

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