Kintegral Advisory LLC Decreases Stake in Ross Stores, Inc. (NASDAQ:ROST)

Kintegral Advisory LLC decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,776 shares of the apparel retailer’s stock after selling 129 shares during the period. Kintegral Advisory LLC’s holdings in Ross Stores were worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after buying an additional 67,861 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ross Stores by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock worth $1,222,915,000 after purchasing an additional 34,475 shares during the last quarter. FMR LLC increased its stake in shares of Ross Stores by 4.9% during the 3rd quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after purchasing an additional 316,652 shares during the last quarter. Marshfield Associates increased its stake in shares of Ross Stores by 0.4% during the 3rd quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock worth $588,337,000 after purchasing an additional 14,193 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after purchasing an additional 1,507,922 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

ROST has been the subject of several research analyst reports. Sanford C. Bernstein restated a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Evercore ISI raised their price target on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Wells Fargo & Company restated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Guggenheim restated a “buy” rating and set a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Finally, StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Down 1.8 %

Shares of NASDAQ:ROST opened at $136.61 on Monday. Ross Stores, Inc. has a one year low of $127.53 and a one year 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 company has a market cap of $45.07 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 2.13 and a beta of 1.10. The firm has a fifty day moving average price of $147.93 and a two-hundred day moving average price of $147.95.

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, topping analysts’ consensus estimates 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 posted $1.33 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Analysts anticipate that Ross Stores, Inc. will post 6.17 EPS 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.