Ross Stores, Inc. (ROST) Stake Lessened by Comerica Bank

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.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 16th. The apparel retailer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.05. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.26 billion. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. equities research analysts predict that Ross Stores, Inc. will post 3.29 earnings per share for the current year.

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.

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

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