Private Advisor Group LLC Lowers Position in Ross Stores, Inc. (NASDAQ:ROST)

Private Advisor Group LLC cut its stake in Ross Stores, Inc. (NASDAQ:ROST) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,274 shares of the apparel retailer’s stock after selling 489 shares during the period. Private Advisor Group LLC’s holdings in Ross Stores were worth $1,705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Joel Adams & Associates Inc. purchased a new stake in Ross Stores in the fourth quarter worth about $303,000. New York State Common Retirement Fund lifted its holdings in shares of Ross Stores by 18.3% during the fourth quarter. New York State Common Retirement Fund now owns 233,571 shares of the apparel retailer’s stock valued at $35,332,000 after purchasing an additional 36,200 shares during the last quarter. Key Financial Inc lifted its holdings in shares of Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock valued at $100,000 after purchasing an additional 77 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Ross Stores during the fourth quarter valued at approximately $51,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Ross Stores by 16.0% during the fourth quarter. Venturi Wealth Management LLC now owns 6,475 shares of the apparel retailer’s stock valued at $979,000 after purchasing an additional 895 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a report on Friday, January 10th. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price objective (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. Guggenheim restated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Up 1.7 %

ROST opened at $138.78 on Thursday. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two 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. The company has a fifty day moving average of $147.16 and a two-hundred day moving average of $147.84. The stock has a market capitalization of $45.79 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.13 and a beta of 1.10.

About Ross Stores

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.