Hahn Capital Management LLC Buys 21,500 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Hahn Capital Management LLC lifted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 40.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 74,059 shares of the apparel retailer’s stock after acquiring an additional 21,500 shares during the quarter. Ross Stores makes up approximately 4.9% of Hahn Capital Management LLC’s investment portfolio, making the stock its 5th largest position. Hahn Capital Management LLC’s holdings in Ross Stores were worth $11,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. QRG Capital Management Inc. increased its position in shares of Ross Stores by 1.0% in the fourth quarter. QRG Capital Management Inc. now owns 30,509 shares of the apparel retailer’s stock valued at $4,615,000 after acquiring an additional 313 shares during the last quarter. Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $286,000. Proficio Capital Partners LLC acquired a new stake in shares of Ross Stores in the fourth quarter valued at about $18,930,000. Oppenheimer & Co. Inc. increased its position in shares of Ross Stores by 22.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 2,847 shares of the apparel retailer’s stock valued at $431,000 after acquiring an additional 524 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in Ross Stores during the fourth quarter worth about $128,000. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Down 0.5 %

Shares of ROST stock opened at $138.02 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The stock has a market cap of $45.54 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The stock has a 50 day simple moving average of $146.97 and a 200 day simple moving average of $147.77. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60.

Analyst Ratings Changes

A number of research firms recently commented on ROST. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Guggenheim reiterated a “buy” rating and set a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Sanford C. Bernstein reiterated a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ross Stores presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Ross Stores 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.