TimesSquare Capital Management LLC Has $86.79 Million Holdings in Ross Stores, Inc. (NASDAQ:ROST)

TimesSquare Capital Management LLC trimmed its position in Ross Stores, Inc. (NASDAQ:ROST) by 5.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 573,767 shares of the apparel retailer’s stock after selling 34,253 shares during the period. Ross Stores comprises 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. TimesSquare Capital Management LLC’s holdings in Ross Stores were worth $86,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of ROST. Joel Adams & Associates Inc. acquired a new position in Ross Stores during the fourth quarter worth $303,000. New York State Common Retirement Fund raised its stake in Ross Stores by 18.3% during the fourth quarter. New York State Common Retirement Fund now owns 233,571 shares of the apparel retailer’s stock worth $35,332,000 after acquiring an additional 36,200 shares in the last quarter. Key Financial Inc grew its holdings in shares of Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 77 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Ross Stores during the fourth quarter worth $51,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Ross Stores by 16.0% during the fourth quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer’s stock worth $979,000 after purchasing an additional 895 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ROST shares. StockNews.com upgraded Ross Stores from a “hold” rating to a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Evercore ISI raised their price target on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, November 18th. Finally, Guggenheim restated a “buy” rating and set a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Trading Up 0.2 %

NASDAQ:ROST opened at $139.09 on Wednesday. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60. 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 $45.89 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.12 and a beta of 1.10. The business’s 50-day simple moving average is $148.85 and its 200-day simple moving average is $147.91.

Ross Stores (NASDAQ:ROST) last released its quarterly earnings data on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.07. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.15 billion. During the same quarter in the previous year, the business posted $1.33 EPS. Ross Stores’s revenue for the quarter was up 3.6% on a year-over-year basis. Sell-side 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.