Bridges Investment Management Inc. Reduces Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Bridges Investment Management Inc. lowered its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 46.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,402 shares of the apparel retailer’s stock after selling 1,239 shares during the quarter. Bridges Investment Management Inc.’s holdings in Ross Stores were worth $212,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Jacobi Capital Management LLC raised its position in Ross Stores by 6.7% during the 4th 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 in the last quarter. US Bancorp DE raised its position in Ross Stores by 6.5% during the 4th quarter. US Bancorp DE now owns 84,014 shares of the apparel retailer’s stock valued at $12,709,000 after purchasing an additional 5,096 shares in the last quarter. Fisher Asset Management LLC raised its position in Ross Stores by 4.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,617 shares of the apparel retailer’s stock valued at $2,968,000 after purchasing an additional 777 shares in the last quarter. SVB Wealth LLC bought a new stake in Ross Stores during the 4th quarter valued at $495,000. Finally, Parkside Financial Bank & Trust raised its position in Ross Stores by 20.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,995 shares of the apparel retailer’s stock valued at $453,000 after purchasing an additional 511 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Trading Down 2.5 %

Ross Stores stock opened at $136.81 on Tuesday. The stock has a 50-day moving average of $146.56 and a two-hundred day moving average of $147.78. 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. The stock has a market cap of $45.14 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ROST shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a research report on Monday, February 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 target price (down from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their target price on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI upped their price objective on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores 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.