NatWest Group plc Raises Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Share on StockTwits

NatWest Group plc increased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,798 shares of the apparel retailer’s stock after purchasing an additional 3,489 shares during the quarter. Ross Stores accounts for 3.4% of NatWest Group plc’s portfolio, making the stock its 14th largest position. NatWest Group plc’s holdings in Ross Stores were worth $15,845,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley raised its stake in shares of Ross Stores by 42.1% during the 1st quarter. Morgan Stanley now owns 1,716,023 shares of the apparel retailer’s stock worth $149,242,000 after acquiring an additional 508,475 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Ross Stores by 2,982.0% during the second quarter. Assenagon Asset Management S.A. now owns 77,573 shares of the apparel retailer’s stock worth $6,612,000 after acquiring an additional 75,056 shares during the period. Steel Peak Wealth Management LLC raised its position in Ross Stores by 4.7% during the second quarter. Steel Peak Wealth Management LLC now owns 2,745 shares of the apparel retailer’s stock worth $234,000 after acquiring an additional 123 shares during the period. Highland Capital Management LLC acquired a new position in Ross Stores during the second quarter worth $204,000. Finally, Janney Montgomery Scott LLC raised its position in Ross Stores by 28.6% during the second quarter. Janney Montgomery Scott LLC now owns 48,457 shares of the apparel retailer’s stock worth $4,131,000 after acquiring an additional 10,774 shares during the period. Institutional investors own 84.67% of the company’s stock.

ROST stock traded down $1.21 during mid-day trading on Friday, hitting $108.99. 5,032,141 shares of the company were exchanged, compared to its average volume of 2,870,151. The company has a quick ratio of 1.34, a current ratio of 1.70 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $38.80 billion, a P/E ratio of 72.66, a PEG ratio of 7.17 and a beta of 0.72. The business has a fifty day simple moving average of $96.91 and a 200-day simple moving average of $92.35. Ross Stores, Inc. has a 12-month low of $56.30 and a 12-month high of $124.16.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Wednesday, November 18th. The apparel retailer reported $1.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.41. Ross Stores had a net margin of 4.25% and a return on equity of 22.08%. During the same quarter last year, the firm earned $1.03 earnings per share. Research analysts predict that Ross Stores, Inc. will post 1.27 EPS for the current year.

A number of equities analysts have weighed in on the stock. BMO Capital Markets reduced their price objective on shares of Ross Stores from $100.00 to $93.00 and set an “outperform” rating for the company in a research report on Friday, August 21st. Barclays upped their price objective on shares of Ross Stores from $109.00 to $126.00 and gave the stock an “overweight” rating in a research report on Friday. BidaskClub upgraded shares of Ross Stores from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. TheStreet upgraded shares of Ross Stores from a “c” rating to a “b-” rating in a research report on Thursday. Finally, Royal Bank of Canada increased their target price on shares of Ross Stores from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $112.83.

Ross Stores 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. Its stores 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.

Recommended Story: What are benefits of a growth and income fund?

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

Receive News & Ratings for Ross Stores Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ross Stores and related companies with MarketBeat.com's FREE daily email newsletter.