QRG Capital Management Inc. Acquires 313 Shares of Ross Stores, Inc. (NASDAQ:ROST)

QRG Capital Management Inc. grew its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,509 shares of the apparel retailer’s stock after purchasing an additional 313 shares during the quarter. QRG Capital Management Inc.’s holdings in Ross Stores were worth $4,615,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Ross Stores by 0.5% in the third quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock worth $2,127,802,000 after buying an additional 67,861 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Ross Stores by 0.4% during 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 purchasing an additional 34,475 shares during the last quarter. FMR LLC lifted its stake 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 purchasing an additional 316,652 shares during the last quarter. Marshfield Associates boosted its position in Ross Stores by 0.4% during the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock valued at $588,337,000 after purchasing an additional 14,193 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in 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 last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analyst Weigh In

ROST has been the subject of several analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $165.00 price target on shares of Ross Stores in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research report on Monday, February 24th. Guggenheim reiterated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a report on Friday, November 22nd. Finally, StockNews.com lowered Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Eight research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Up 1.7 %

NASDAQ:ROST opened at $140.32 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. The company’s fifty day moving average price is $146.79 and its 200-day moving average price is $147.77. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The firm has a market capitalization of $46.30 billion, a P/E ratio of 22.10, a PEG ratio of 2.13 and a beta of 1.10.

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.