The Hahn Capital Management LLC Reduces Position in Ross Stores, Inc. (ROST), Report finds

The Hahn Capital Management LLC Reduces Position in Ross Stores, Inc. (ROST), Report finds

Several other large investors also recently added to or reduced their stakes in ROST. Bank of Montreal Can boosted its stake in shares of Ross Stores by 1.8% in the third quarter. Bank of Montreal Can now owns 363,575 shares of the apparel retailer’s stock valued at $23,378,000 after buying an additional 6,412 shares during the period. Riverhead Capital Management LLC boosted its stake in shares of Ross Stores by 1,431.8% in the third quarter. Riverhead Capital Management LLC now owns 133,453 shares of the apparel retailer’s stock valued at $8,581,000 after buying an additional 124,741 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Ross Stores by 3.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,194,892 shares of the apparel retailer’s stock valued at $76,832,000 after buying an additional 40,573 shares during the period. Palisade Capital Management LLC NJ boosted its stake in shares of Ross Stores by 12.7% in the third quarter. Palisade Capital Management LLC NJ now owns 86,347 shares of the apparel retailer’s stock valued at $5,552,000 after buying an additional 9,725 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of Ross Stores by 2.2% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 643,096 shares of the apparel retailer’s stock valued at $36,457,000 after buying an additional 14,096 shares during the period. 90.06% of the stock is owned by institutional investors and hedge funds.

Hahn Capital Management LLC decreased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 21.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 686,733 shares of the apparel retailer’s stock after selling 185,659 shares during the period. Ross Stores accounts for approximately 4.3% of Hahn Capital Management LLC’s holdings, making the stock its 3rd largest position. Hahn Capital Management LLC’s holdings in Ross Stores were worth $42,948,000 as of its most recent filing with the SEC.

Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at 68.79 on Monday. The firm has a market capitalization of $27.11 billion, a P/E ratio of 25.29 and a beta of 0.94. Ross Stores, Inc. has a 52-week low of $52.00 and a 52-week high of $69.81. The company’s 50-day moving average price is $66.32 and its 200-day moving average price is $64.61.

Ross Stores (NASDAQ:ROST) last announced its earnings results on Thursday, November 17th. The apparel retailer reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.06. The firm earned $3.10 billion during the quarter. Ross Stores had a net margin of 8.58% and a return on equity of 42.09%. Ross Stores’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. On average, equities research analysts expect that Ross Stores, Inc. will post $2.82 EPS for the current fiscal year.

ROST has been the subject of several recent analyst 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 raised Ross Stores from a “sell” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Monday, November 21st. Deutsche Bank AG raised their target price on Ross Stores from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, January 18th. BMO Capital Markets reaffirmed a “hold” rating on shares of Ross Stores in a research report on Saturday, November 19th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $59.00 target price (up previously from $57.00) on shares of Ross Stores in a research report on Wednesday, December 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target 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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