Los Angeles Capital Management LLC Has $191.72 Million Position in Ross Stores, Inc. (NASDAQ:ROST)

Los Angeles Capital Management LLC trimmed its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 24.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,267,380 shares of the apparel retailer’s stock after selling 412,209 shares during the quarter. Ross Stores accounts for about 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 18th largest position. Los Angeles Capital Management LLC’s holdings in Ross Stores were worth $191,717,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC increased its stake in shares of Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock valued at $36,000 after buying an additional 191 shares during the period. Kestra Investment Management LLC acquired a new stake in Ross Stores during the 4th quarter valued at approximately $51,000. Ashton Thomas Securities LLC bought a new position in Ross Stores during the 3rd quarter worth approximately $53,000. Oakworth Capital Inc. acquired a new position in shares of Ross Stores in the 4th quarter worth approximately $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Ross Stores in the 3rd quarter valued at $59,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Ross Stores Trading Down 0.5 %

Shares of Ross Stores stock opened at $135.93 on Tuesday. Ross Stores, Inc. has a 1 year low of $127.53 and a 1 year high of $163.60. The firm has a market cap of $44.85 billion, a PE ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.10. The stock has a fifty day moving average price of $147.65 and a 200-day moving average price of $147.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98.

Analysts Set New Price Targets

A number of analysts have weighed in on ROST shares. JPMorgan Chase & Co. increased their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Evercore ISI increased their price target on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Wells Fargo & Company restated an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a report on Friday, January 10th. Morgan Stanley restated an “equal weight” rating and set a $140.00 price target (down from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $169.06.

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.