Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,637 shares of the apparel retailer’s stock after selling 302 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Ross Stores were worth $4,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp increased its holdings in shares of Ross Stores by 0.5% in the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after purchasing an additional 67,861 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Ross Stores by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock worth $1,222,915,000 after acquiring an additional 34,475 shares during the last quarter. FMR LLC raised its holdings in shares of Ross Stores by 4.9% during the 3rd quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock worth $1,025,309,000 after acquiring an additional 316,652 shares during the period. Marshfield Associates boosted its position in shares of Ross Stores by 0.4% during the 3rd quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock valued at $588,337,000 after acquiring an additional 14,193 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Ross Stores by 64.0% in the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after purchasing an additional 1,507,922 shares during the period. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $140.00 target price (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Evercore ISI upped their price objective on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised their target price on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, 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 report on Tuesday, January 7th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

Ross Stores Trading Down 0.5 %

NASDAQ ROST opened at $138.02 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The firm has a market cap of $45.54 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.13 and a beta of 1.10. The firm has a 50 day simple moving average of $146.97 and a 200-day simple moving average of $147.77. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60.

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.