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

Los Angeles Capital Management LLC trimmed its position in Ross Stores, Inc. (NASDAQ:ROST) by 24.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,267,380 shares of the apparel retailer’s stock after selling 412,209 shares during the period. Ross Stores makes up approximately 0.8% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Los Angeles Capital Management LLC owned 0.38% of Ross Stores worth $191,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in Ross Stores by 0.5% during the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock worth $2,127,802,000 after acquiring an additional 67,861 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ross Stores by 0.4% in the third 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 in the last quarter. FMR LLC boosted its holdings in Ross Stores by 4.9% during the third 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 grew its position in Ross Stores by 0.4% in 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 increased its stake in Ross Stores by 64.0% in 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 buying an additional 1,507,922 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ROST shares. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 target price (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $179.00 to $152.00 in a research note on Tuesday, November 12th. Evercore ISI raised their target price on shares of Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $165.00 target price on shares of Ross Stores in a research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Performance

NASDAQ:ROST opened at $135.93 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 quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $147.65 and its 200 day simple moving average is $147.93. The firm has a market capitalization of $44.85 billion, a PE ratio of 21.41, a price-to-earnings-growth 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.