Solid Results Pushed Ross Stores (ROST) Stock in Q4

Solid Results Pushed Ross Stores (ROST) Stock in Q4

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.

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