Ross Stores, Inc. (NASDAQ:ROST) Holdings Cut by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC decreased its stake in Ross Stores, Inc. (NASDAQ:ROST) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,208 shares of the apparel retailer’s stock after selling 1,056 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Ross Stores were worth $1,998,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of Ross Stores by 64.0% during the 3rd 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 in the last quarter. Nordea Investment Management AB raised its holdings in shares of Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after purchasing an additional 1,144,774 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Ross Stores by 4,787.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after purchasing an additional 616,860 shares in the last quarter. Sarasin & Partners LLP bought a new position in Ross Stores in the 4th quarter worth $86,732,000. Finally, National Pension Service raised its holdings in Ross Stores by 39.8% in the 4th quarter. National Pension Service now owns 1,260,515 shares of the apparel retailer’s stock worth $190,678,000 after acquiring an additional 358,981 shares during the period. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $138.78 on Thursday. The firm has a market cap of $45.79 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. The firm’s 50-day simple moving average is $147.16 and its 200-day simple moving average is $147.84.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a report on Monday. JPMorgan Chase & Co. lifted their target price on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. TD Cowen dropped their target price on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Guggenheim reiterated a “buy” rating and issued a $180.00 target price on shares of Ross Stores in a report on Friday, November 22nd. Finally, StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.