Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Mitchell Capital Management Co.

Mitchell Capital Management Co. decreased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,055 shares of the apparel retailer’s stock after selling 561 shares during the quarter. Ross Stores makes up 1.5% of Mitchell Capital Management Co.’s holdings, making the stock its 17th biggest position. Mitchell Capital Management Co.’s holdings in Ross Stores were worth $8,328,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Jacobi Capital Management LLC grew its position in shares of Ross Stores by 6.7% in the fourth quarter. Jacobi Capital Management LLC now owns 1,903 shares of the apparel retailer’s stock valued at $288,000 after purchasing an additional 119 shares during the period. US Bancorp DE lifted its stake in shares of Ross Stores by 6.5% in the fourth quarter. US Bancorp DE now owns 84,014 shares of the apparel retailer’s stock worth $12,709,000 after buying an additional 5,096 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of Ross Stores by 4.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,617 shares of the apparel retailer’s stock worth $2,968,000 after buying an additional 777 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Ross Stores in the fourth quarter worth about $495,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Ross Stores by 20.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,995 shares of the apparel retailer’s stock worth $453,000 after buying an additional 511 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Guggenheim reissued a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. TD Cowen decreased their price target on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. 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 research note on Tuesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a research note on Friday, January 10th. Finally, Evercore ISI raised their price target 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. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Ross Stores presently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Price Performance

Shares of ROST opened at $140.32 on Friday. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The stock has a market cap of $46.30 billion, a PE ratio of 22.10, a P/E/G ratio of 2.13 and a beta of 1.10. The firm has a 50-day simple moving average of $146.79 and a two-hundred day simple moving average of $147.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

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.