TimesSquare U.S. Mid Cap Growth Strategy highlighted stocks like Ross Stores, Inc. (NASDAQ:ROST) in its Q4 2022 investor letter. Headquartered in Dublin, California, Ross Stores, Inc. (NASDAQ:ROST) is a fashion and apparel retailer. On March 31, 2023, Ross Stores, Inc. (NASDAQ:ROST) stock closed at $106.13 per share. One-month return of Ross Stores, Inc. (NASDAQ:ROST) was -5.58%, and its shares gained 13.91% of their value over the last 52 weeks. Ross Stores, Inc. (NASDAQ:ROST) has a market capitalization of $36.302 billion.
TimesSquare U.S. Mid Cap Growth Strategy made the following comment about Ross Stores, Inc. (NASDAQ:ROST) in its Q4 2022 investor letter:
“In the Consumer Discretionary sector, Ross Stores, Inc. (NASDAQ:ROST) is an off-price retailer of apparel and home accessories. Solid third quarter sales and earnings resulted in a 38% markup to its stock price. Management attributed the same store sale improvement to higher markdowns in some areas and right-sizing inventory.”
Ross Stores, Inc. (NASDAQ:ROST) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 46 hedge fund portfolios held Ross Stores, Inc. (NASDAQ:ROST) at the end of the fourth quarter which was 43 in the previous quarter.
We discussed Ross Stores, Inc. (NASDAQ:ROST) in another article and shared the list of companies and industries that make money during a recession. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.