New York Life Investment Management LLC Has $6.75 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

New York Life Investment Management LLC boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,625 shares of the apparel retailer’s stock after purchasing an additional 111 shares during the period. New York Life Investment Management LLC’s holdings in Ross Stores were worth $6,750,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Ross Stores by 64.0% in the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after acquiring an additional 1,507,922 shares during the period. Nordea Investment Management AB raised its holdings in Ross Stores by 137.7% in the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after acquiring an additional 1,144,774 shares during the period. Public Sector Pension Investment Board raised its holdings in Ross Stores by 4,787.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after acquiring an additional 616,860 shares during the period. Sarasin & Partners LLP bought a new position in Ross Stores in the 4th quarter valued at about $86,732,000. Finally, National Pension Service raised its holdings in 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 acquiring an additional 358,981 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Stock Performance

NASDAQ ROST opened at $140.32 on Friday. The company’s 50 day moving average is $146.79 and its 200-day moving average is $147.77. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month 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. The firm has a market cap of $46.30 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 price target (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. JPMorgan Chase & Co. raised their target price 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. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a report on Monday, February 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 target price (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Finally, Guggenheim reaffirmed a “buy” rating and set a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. Eight equities research 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, the company 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.