Bryn Mawr Capital Management LLC Trims Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Bryn Mawr Capital Management LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 90.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,390 shares of the apparel retailer’s stock after selling 12,874 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Ross Stores were worth $210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. ORG Partners LLC raised its position in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 191 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Ross Stores in the fourth quarter valued at approximately $51,000. Ashton Thomas Securities LLC acquired a new position in shares of Ross Stores in the third quarter valued at approximately $53,000. Oakworth Capital Inc. acquired a new position in shares of Ross Stores in the fourth quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Ross Stores in the third quarter valued at approximately $59,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ROST. Evercore ISI boosted their price objective on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. StockNews.com raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Price Performance

ROST opened at $136.61 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a 50 day moving average of $147.93 and a two-hundred day moving average of $147.80. The company has a market cap of $45.07 billion, a P/E ratio of 21.51, a P/E/G ratio of 2.14 and a beta of 1.10.

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

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 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.