Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 900 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,209 shares of the apparel retailer’s stock after acquiring an additional 900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ross Stores were worth $7,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its stake in Ross Stores by 20.8% in the 3rd quarter. Private Advisor Group LLC now owns 11,763 shares of the apparel retailer’s stock worth $1,770,000 after purchasing an additional 2,022 shares during the period. Allworth Financial LP raised its stake in shares of Ross Stores by 5.7% in the 3rd quarter. Allworth Financial LP now owns 3,802 shares of the apparel retailer’s stock valued at $572,000 after purchasing an additional 206 shares during the period. Forsta AP Fonden lifted its holdings in shares of Ross Stores by 25.4% in the third quarter. Forsta AP Fonden now owns 77,929 shares of the apparel retailer’s stock valued at $11,729,000 after purchasing an additional 15,800 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of Ross Stores by 17.3% during the third quarter. Modera Wealth Management LLC now owns 4,342 shares of the apparel retailer’s stock worth $654,000 after buying an additional 641 shares during the period. Finally, Welch Group LLC bought a new position in shares of Ross Stores during the third quarter worth about $242,000. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Down 0.5 %

Shares of NASDAQ:ROST opened at $135.93 on Tuesday. The business has a fifty day simple moving average of $147.65 and a 200 day simple moving average of $147.93. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. The firm has a market cap of $44.85 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ROST shares. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Citigroup downgraded shares of 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 reissued a “buy” rating and set a $180.00 price target on shares of Ross Stores in a research report on Friday, November 22nd. 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.