Mutual of America Capital Management LLC Reduces Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Mutual of America Capital Management LLC decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,766 shares of the apparel retailer’s stock after selling 1,334 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Ross Stores were worth $6,015,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ROST. Peapack Gladstone Financial Corp boosted 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 buying an additional 70 shares during the period. Howe & Rusling Inc. boosted its stake in shares of Ross Stores by 1.9% during the third quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock worth $600,000 after buying an additional 73 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Ross Stores by 19.1% during the third quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock worth $71,000 after buying an additional 76 shares during the period. Alhambra Investment Management LLC boosted its stake in shares of Ross Stores by 5.2% during the fourth quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock worth $234,000 after buying an additional 76 shares during the period. Finally, Key Financial Inc boosted its stake in shares of 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 buying an additional 77 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ROST shares. JPMorgan Chase & Co. increased their target price on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Evercore ISI increased their target price on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley restated an “equal weight” rating and issued a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research report on Tuesday, January 21st. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Finally, Guggenheim restated a “buy” rating and issued a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. Eight equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Down 2.5 %

ROST stock opened at $136.81 on Tuesday. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The company’s 50 day simple moving average is $146.56 and its 200-day simple moving average is $147.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The firm has a market capitalization of $45.14 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.13 and a beta of 1.10.

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.