Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. trimmed its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,206 shares of the apparel retailer’s stock after selling 94 shares during the period. First Horizon Advisors Inc.’s holdings in Ross Stores were worth $182,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP raised its position in shares of Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after acquiring an additional 1,507,922 shares in the last quarter. Nordea Investment Management AB boosted its stake in Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after purchasing an additional 1,144,774 shares during the period. Public Sector Pension Investment Board boosted its stake in shares of Ross Stores by 4,787.8% during the third quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after buying an additional 616,860 shares during the period. Sarasin & Partners LLP purchased a new position in shares of Ross Stores in the 4th quarter valued at approximately $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Ross Stores by 478.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer’s stock valued at $60,235,000 after buying an additional 331,007 shares during the last quarter. 86.86% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on ROST shares. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their price objective on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Evercore ISI raised their target price on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research note on Monday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Ross Stores currently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Price Performance

NASDAQ:ROST opened at $136.45 on Wednesday. The firm has a market cap of $45.02 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. 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 company’s 50-day moving average is $147.36 and its two-hundred day moving average is $147.91.

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.