LGT Fund Management Co Ltd. Grows Holdings in Ross Stores, Inc. (NASDAQ:ROST)

LGT Fund Management Co Ltd. raised its position in Ross Stores, Inc. (NASDAQ:ROST) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,847 shares of the apparel retailer’s stock after purchasing an additional 800 shares during the period. LGT Fund Management Co Ltd.’s holdings in Ross Stores were worth $582,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in shares of Ross Stores by 434.1% during the 4th quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after acquiring an additional 191 shares during the period. Kestra Investment Management LLC purchased a new position in shares of Ross Stores during the 4th quarter worth about $51,000. Ashton Thomas Securities LLC purchased a new position in shares of Ross Stores during the 3rd quarter worth about $53,000. Oakworth Capital Inc. purchased a new position in shares of Ross Stores during the 4th quarter worth about $57,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Ross Stores during the 3rd quarter worth about $59,000. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Down 2.5 %

ROST stock opened at $136.81 on Tuesday. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve 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 has a market capitalization of $45.14 billion, a P/E ratio of 21.54, a PEG ratio of 2.13 and a beta of 1.10. The firm has a 50 day simple moving average of $146.56 and a 200-day simple moving average of $147.78.

Analysts Set New Price Targets

Several research analysts recently commented on ROST shares. Sanford C. Bernstein restated a “market perform” rating and issued a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Evercore ISI raised their price target on shares of 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 price target on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their price target for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.