BerganKDV Wealth Management LLC Purchases 126 Shares of Ross Stores, Inc. (ROST)

BerganKDV Wealth Management LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,259 shares of the apparel retailer’s stock after buying an additional 126 shares during the period. BerganKDV Wealth Management LLC’s holdings in Ross Stores were worth $354,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. increased its stake in shares of Ross Stores by 1.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 12,278 shares of the apparel retailer’s stock worth $1,022,000 after buying an additional 145 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Ross Stores by 21.4% during the fourth quarter. Quadrant Capital Group LLC now owns 997 shares of the apparel retailer’s stock worth $73,000 after buying an additional 176 shares during the period. Cozad Asset Management Inc. increased its stake in shares of Ross Stores by 4.0% during the fourth quarter. Cozad Asset Management Inc. now owns 4,880 shares of the apparel retailer’s stock worth $406,000 after buying an additional 187 shares during the period. Private Capital Group LLC increased its stake in shares of Ross Stores by 26.3% during the fourth quarter. Private Capital Group LLC now owns 1,053 shares of the apparel retailer’s stock worth $88,000 after buying an additional 219 shares during the period. Finally, Legacy Financial Advisors Inc. increased its stake in shares of Ross Stores by 114.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 413 shares of the apparel retailer’s stock worth $34,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 88.51% of the company’s stock.

A number of research firms recently weighed in on ROST. BidaskClub lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Loop Capital upped their target price on shares of Ross Stores to $105.00 and gave the stock a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research upgraded shares of Ross Stores from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Wednesday, January 23rd. ValuEngine upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Finally, Morgan Stanley dropped their price target on shares of Ross Stores from $99.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 23rd. Twelve equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Ross Stores has a consensus rating of “Buy” and a consensus target price of $95.92.

ROST stock opened at $93.19 on Wednesday. The company has a market capitalization of $34.22 billion, a PE ratio of 27.90, a PEG ratio of 2.05 and a beta of 0.91. Ross Stores, Inc. has a twelve month low of $73.76 and a twelve month high of $104.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.61 and a quick ratio of 0.73.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings data on Tuesday, November 20th. The apparel retailer reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.01. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.55 billion. Ross Stores had a return on equity of 48.34% and a net margin of 10.68%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.72 earnings per share. On average, sell-side 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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