ClariVest Asset Management LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,607 shares of the apparel retailer’s stock after selling 12,150 shares during the period. ClariVest Asset Management LLC owned approximately 0.07% of Ross Stores worth $22,182,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Moody National Bank Trust Division bought a new position in shares of Ross Stores in the fourth quarter worth $30,000. Legacy Financial Advisors Inc. increased its position in shares of Ross Stores by 114.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 413 shares of the apparel retailer’s stock worth $34,000 after purchasing an additional 220 shares during the period. Csenge Advisory Group bought a new position in shares of Ross Stores in the third quarter worth $69,000. Quadrant Capital Group LLC increased its position in shares of Ross Stores by 21.4% in the fourth quarter. Quadrant Capital Group LLC now owns 997 shares of the apparel retailer’s stock worth $73,000 after purchasing an additional 176 shares during the period. Finally, Private Capital Group LLC increased its position in shares of Ross Stores by 26.3% in the fourth quarter. Private Capital Group LLC now owns 1,053 shares of the apparel retailer’s stock worth $88,000 after purchasing an additional 219 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

A number of research analysts recently commented on ROST shares. DA Davidson decreased their price target on Ross Stores to $84.00 and set an “average” rating on the stock in a research report on Wednesday, November 21st. Zacks Investment Research restated a “buy” rating and issued a $113.00 price target on shares of Ross Stores in a research report on Thursday, November 15th. Bank of America raised their price target on Ross Stores from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. BidaskClub lowered Ross Stores from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Ross Stores in a research note on Tuesday, November 20th. Twelve equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $95.92.

Shares of ROST stock opened at $92.95 on Monday. Ross Stores, Inc. has a 12 month low of $73.76 and a 12 month high of $104.35. The stock has a market cap of $34.45 billion, a PE ratio of 27.83, a PEG ratio of 2.08 and a beta of 0.91. The company has a current ratio of 1.61, a quick ratio of 0.73 and a debt-to-equity ratio of 0.10.

Ross Stores (NASDAQ:ROST) last announced its quarterly earnings results on Tuesday, November 20th. The apparel retailer reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.01. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.55 billion. During the same period last year, the firm posted $0.72 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Equities analysts predict that Ross Stores, Inc. will post 4.2 EPS for the current year.

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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 in the United States. It 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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