Anchor Capital Advisors LLC Cuts Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Anchor Capital Advisors LLC lowered its stake in Ross Stores, Inc. (NASDAQ:ROST) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,334 shares of the apparel retailer’s stock after selling 315 shares during the period. Anchor Capital Advisors LLC’s holdings in Ross Stores were worth $1,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Peapack Gladstone Financial Corp grew its stake in shares of Ross Stores by 1.8% during the third quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock worth $588,000 after purchasing an additional 70 shares in the last quarter. Howe & Rusling Inc. boosted its position in shares of Ross Stores by 1.9% during the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock worth $600,000 after acquiring an additional 73 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock valued at $71,000 after acquiring an additional 76 shares during the last quarter. Alhambra Investment Management LLC raised its position in shares of Ross Stores by 5.2% during the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock worth $234,000 after acquiring an additional 76 shares in the last quarter. Finally, Key Financial Inc lifted its stake in Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 1.7 %

ROST stock opened at $140.32 on Friday. The stock has a market capitalization of $46.30 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company has a fifty day moving average of $146.79 and a 200-day moving average of $147.77. 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.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. TD Cowen dropped their target price 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. Evercore ISI boosted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a research report on Monday, February 24th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $169.06.

About Ross Stores

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.