Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,637 shares of the apparel retailer’s stock after selling 302 shares during the period. Gulf International Bank UK Ltd’s holdings in Ross Stores were worth $4,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ROST. Whipplewood Advisors LLC acquired a new position in Ross Stores in the fourth quarter valued at $128,000. National Pension Service lifted its holdings in shares of Ross Stores by 39.8% in the 4th quarter. National Pension Service now owns 1,260,515 shares of the apparel retailer’s stock valued at $190,678,000 after purchasing an additional 358,981 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in shares of Ross Stores by 12.3% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,661 shares of the apparel retailer’s stock valued at $403,000 after purchasing an additional 292 shares during the period. Bank of New York Mellon Corp grew its stake in Ross Stores by 11.0% during the 4th quarter. Bank of New York Mellon Corp now owns 2,600,567 shares of the apparel retailer’s stock worth $393,388,000 after buying an additional 257,471 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Ross Stores by 26.5% during the fourth quarter. IFP Advisors Inc now owns 1,815 shares of the apparel retailer’s stock worth $274,000 after buying an additional 380 shares during the period. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ROST. Sanford C. Bernstein restated a “market perform” rating and set a $165.00 target price (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. TD Cowen lowered their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research report on Tuesday, November 19th. Citigroup cut shares of Ross Stores from a “buy” rating to a “neutral” rating and reduced their target price for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Wells Fargo & Company reissued an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. boosted their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Price Performance

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

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.