Mandatum Life Insurance Co Ltd maintained its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,125 shares of the apparel retailer’s stock at the end of the fourth quarter. Ross Stores accounts for about 0.5% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 21st largest position. Mandatum Life Insurance Co Ltd’s holdings in Ross Stores were worth $3,616,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position in shares of Ross Stores by 0.3% in the third quarter. Parkside Financial Bank & Trust now owns 1,792 shares of the apparel retailer’s stock worth $115,000 after buying an additional 6 shares in the last quarter. Alpha Windward LLC raised its position in shares of Ross Stores by 0.7% in the third quarter. Alpha Windward LLC now owns 2,872 shares of the apparel retailer’s stock valued at $185,000 after buying an additional 21 shares during the period. Bingham Osborn & Scarborough LLC raised its position in shares of Ross Stores by 0.6% in the second quarter. Bingham Osborn & Scarborough LLC now owns 7,592 shares of the apparel retailer’s stock valued at $430,000 after buying an additional 46 shares during the period. Washington Trust Bank raised its position in shares of Ross Stores by 0.8% in the third quarter. Washington Trust Bank now owns 6,497 shares of the apparel retailer’s stock valued at $418,000 after buying an additional 50 shares during the period. Finally, Pennsylvania Trust Co raised its position in shares of Ross Stores by 1.1% in the third quarter. Pennsylvania Trust Co now owns 4,550 shares of the apparel retailer’s stock valued at $293,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 91.43% of the company’s stock.
Ross Stores, Inc. (NASDAQ:ROST) traded up 0.40% on Friday, hitting $68.53. 568,022 shares of the stock traded hands. Ross Stores, Inc. has a 52 week low of $52.00 and a 52 week high of $69.81. The firm’s 50 day moving average is $66.52 and its 200 day moving average is $64.81. The stock has a market cap of $27.01 billion, a price-to-earnings ratio of 25.19 and a beta of 0.94.
Ross Stores (NASDAQ:ROST) last released its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.06. The business earned $3.10 billion during the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. Equities analysts anticipate that Ross Stores, Inc. will post $2.82 earnings per share for the current year.
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ROST has been the topic of several research reports. Cowen and Company set a $74.00 target price on Ross Stores and gave the stock a “buy” rating in a research report on Saturday, November 19th. Zacks Investment Research upgraded Ross Stores from a “sell” rating to a “buy” rating and set a $76.00 price target for the company in a report on Monday, November 21st. Deutsche Bank AG increased their price target on Ross Stores from $69.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, January 18th. BMO Capital Markets reiterated a “hold” rating on shares of Ross Stores in a report on Saturday, November 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $59.00 price target (up from $57.00) on shares of Ross Stores in a report on Wednesday, December 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $68.55.
About Ross Stores
Ross Stores, Inc is an off-price retailer of name brand and designer apparel, accessories, footwear, and home fashions for the entire family. The Company and its subsidiaries operate two brands of off-price retail apparel and home fashion stores: Ross Dress for Less (Ross) and dd’s DISCOUNTS. Ross is an off-price apparel and home fashion chain in the United States, with approximately 1,274 locations in over 34 states, the District of Columbia and Guam.
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