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

Kintegral Advisory LLC lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,776 shares of the apparel retailer’s stock after selling 129 shares during the quarter. Kintegral Advisory LLC’s holdings in Ross Stores were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. ORG Partners LLC increased its position in shares of Ross Stores by 434.1% in the fourth 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 period. Kestra Investment Management LLC purchased a new position in shares of Ross Stores in the fourth quarter valued at about $51,000. Ashton Thomas Securities LLC purchased a new position in shares of Ross Stores in the third quarter valued at about $53,000. Oakworth Capital Inc. purchased a new position in shares of Ross Stores during the fourth quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores during the third quarter valued at about $59,000. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI boosted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research report on Friday, January 10th. TD Cowen reduced their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Trading Down 1.8 %

Shares of NASDAQ ROST opened at $136.61 on Monday. The firm’s 50 day moving average price is $147.93 and its 200-day moving average price is $147.95. The company has a market cap of $45.07 billion, a PE ratio of 21.51, a P/E/G ratio of 2.13 and a beta of 1.10. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.

Ross Stores (NASDAQ:ROST) last issued its earnings results on Thursday, November 21st. The apparel retailer reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.07. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.15 billion. Ross Stores had a net margin of 9.95% and a return on equity of 41.83%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. On average, equities research analysts expect that Ross Stores, Inc. will post 6.17 EPS for the current fiscal year.

Ross Stores Profile

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.