Comerica Bank cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 8.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 112,793 shares of the apparel retailer’s stock after selling 10,438 shares during the quarter. Comerica Bank’s holdings in Ross Stores were worth $9,541,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $132,000. Sit Investment Associates Inc. grew its position in shares of Ross Stores by 255.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,900 shares of the apparel retailer’s stock worth $152,000 after acquiring an additional 1,365 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $159,000. Zions Bancorporation grew its position in shares of Ross Stores by 338.9% in the 3rd quarter. Zions Bancorporation now owns 2,120 shares of the apparel retailer’s stock worth $137,000 after acquiring an additional 1,637 shares in the last quarter. Finally, CAPROCK Group Inc. acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $204,000. Institutional investors own 91.86% of the company’s stock.
Shares of Ross Stores, Inc. (ROST) traded up $1.11 during trading on Thursday, reaching $78.93. The company’s stock had a trading volume of 1,996,600 shares, compared to its average volume of 2,384,637. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company has a market cap of $29,738.60, a P/E ratio of 25.48, a P/E/G ratio of 2.10 and a beta of 1.07. Ross Stores, Inc. has a 52-week low of $52.85 and a 52-week high of $85.66.
Several brokerages have recently commented on ROST. BidaskClub lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. SunTrust Banks reiterated a “buy” rating on shares of Ross Stores in a research report on Friday, February 2nd. Nomura reiterated a “buy” rating and issued a $90.00 target price (up previously from $80.00) on shares of Ross Stores in a research report on Wednesday, January 17th. Cowen set a $78.00 price objective on Ross Stores and gave the company a “buy” rating in a research report on Saturday, November 18th. Finally, Jefferies Group set a $66.00 price objective on Ross Stores and gave the company a “hold” rating in a research report on Saturday, November 18th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Ross Stores presently has an average rating of “Buy” and a consensus target price of $73.90.
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Ross Stores 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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