Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 34.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 760 shares of the apparel retailer’s stock after selling 396 shares during the period. Global Retirement Partners LLC’s holdings in Ross Stores were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC lifted its holdings in Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after buying an additional 191 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Ross Stores during the 4th quarter worth $51,000. Ashton Thomas Securities LLC purchased a new stake in Ross Stores in the third quarter valued at $53,000. Oakworth Capital Inc. purchased a new position in shares of Ross Stores during the fourth quarter worth about $57,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Ross Stores during the third quarter worth about $59,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Stock Down 0.5 %

ROST opened at $138.02 on Friday. The firm has a market cap of $45.54 billion, a P/E ratio of 21.74, a PEG ratio of 2.13 and a beta of 1.10. The business’s fifty day simple moving average is $146.97 and its 200 day simple moving average is $147.77. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ROST shares. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and decreased their target price for the company from $179.00 to $152.00 in a research report on Tuesday, November 12th. Guggenheim reiterated a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. StockNews.com downgraded shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $140.00 target price (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Company 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.