Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in Ross Stores, Inc. (NASDAQ:ROST) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 119,441 shares of the apparel retailer’s stock after selling 4,586 shares during the quarter. Truist Financial Corp’s holdings in Ross Stores were worth $18,068,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ROST. ORG Partners LLC raised its stake in shares of Ross Stores by 434.1% in the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after purchasing an additional 191 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Ross Stores during the third quarter worth about $53,000. Oakworth Capital Inc. acquired a new stake in Ross Stores during the fourth quarter worth about $57,000. Banque Cantonale Vaudoise acquired a new stake in Ross Stores during the third quarter worth about $59,000. Finally, AM Squared Ltd acquired a new stake in Ross Stores during the third quarter worth about $60,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on ROST. TD Cowen dropped their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Telsey Advisory Group restated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a research note on Monday, November 18th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Trading Up 0.5 %

Ross Stores stock opened at $139.73 on Thursday. The firm has a 50 day simple moving average of $148.56 and a 200-day simple moving average of $147.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The stock has a market capitalization of $46.10 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.10. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.07. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $1.33 earnings per share. As a group, equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.