Accident Compensation Corp reduced its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 32.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,196 shares of the apparel retailer’s stock after selling 5,274 shares during the quarter. Accident Compensation Corp’s holdings in Ross Stores were worth $898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nordea Investment Management AB boosted its stake in Ross Stores by 8,982.4% in the 3rd quarter. Nordea Investment Management AB now owns 1,617,840 shares of the apparel retailer’s stock valued at $104,464,000 after purchasing an additional 1,600,027 shares during the period. Rockefeller Financial Services Inc. bought a new stake in Ross Stores in the 4th quarter valued at $117,845,000. Wells Fargo & Company MN boosted its stake in Ross Stores by 39.2% in the 3rd quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock valued at $236,257,000 after purchasing an additional 1,029,990 shares during the period. Principal Financial Group Inc. boosted its stake in Ross Stores by 13.1% in the 3rd quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock valued at $473,476,000 after purchasing an additional 849,789 shares during the period. Finally, Flossbach Von Storch AG boosted its stake in Ross Stores by 10.7% in the 3rd quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock valued at $357,277,000 after purchasing an additional 532,900 shares during the period. Institutional investors own 91.86% of the company’s stock.

Ross Stores, Inc. (ROST) opened at $77.35 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a fifty-two week low of $52.85 and a fifty-two week high of $85.66. The company has a market capitalization of $29,560.00, a price-to-earnings ratio of 24.71, a PEG ratio of 2.09 and a beta of 1.06.

Ross Stores (NASDAQ:ROST) last posted its quarterly earnings results on Thursday, November 16th. The apparel retailer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.05. Ross Stores had a return on equity of 43.21% and a net margin of 8.93%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $0.62 EPS. Ross Stores’s revenue was up 7.8% on a year-over-year basis. research analysts expect that Ross Stores, Inc. will post 3.29 earnings per share for the current fiscal year.

Several analysts recently issued reports on the company. SunTrust Banks restated a “buy” rating on shares of Ross Stores in a research note on Friday, February 2nd. BMO Capital Markets boosted their price target on Ross Stores from $65.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, November 17th. BidaskClub downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Morgan Stanley boosted their price target on Ross Stores from $70.00 to $77.00 and gave the company an “overweight” rating in a research note on Friday, November 17th. Finally, Telsey Advisory Group lifted their price objective on Ross Stores from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $73.90.

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Ross Stores Profile

Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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