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

Truist Financial Corp cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 119,441 shares of the apparel retailer’s stock after selling 4,586 shares during the period. Truist Financial Corp’s holdings in Ross Stores were worth $18,068,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC raised its holdings in 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 acquiring an additional 191 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Ross Stores in the 3rd quarter valued at $53,000. Oakworth Capital Inc. acquired a new position in Ross Stores in the 4th quarter valued at $57,000. Banque Cantonale Vaudoise purchased a new stake in shares of Ross Stores during the 3rd quarter valued at $59,000. Finally, AM Squared Ltd purchased a new stake in shares of Ross Stores during the 3rd quarter valued at $60,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley reissued an “equal weight” rating and set a $140.00 price objective (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Guggenheim reissued a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research note on Friday, November 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $165.00 price objective (down from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. TD Cowen lowered their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Finally, 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. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. 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 Stock Performance

NASDAQ:ROST opened at $139.73 on Thursday. 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 firm has a 50-day moving average of $148.56 and a two-hundred day moving average of $147.85. The stock has a market cap of $46.10 billion, a P/E ratio of 22.00, a PEG ratio of 2.12 and a beta of 1.10. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year 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 for the quarter, beating analysts’ consensus estimates of $1.41 by $0.07. The company 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 firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.33 EPS. On average, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

About Ross Stores

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.