Lake Street Advisors Group LLC Purchases 292 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Lake Street Advisors Group LLC grew its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,661 shares of the apparel retailer’s stock after buying an additional 292 shares during the period. Lake Street Advisors Group LLC’s holdings in Ross Stores were worth $403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of 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 worth $581,373,000 after purchasing an additional 1,507,922 shares during the last quarter. Nordea Investment Management AB lifted its position in 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 acquiring an additional 1,144,774 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Ross Stores by 4,787.8% in the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after buying an additional 616,860 shares during the last quarter. Sarasin & Partners LLP purchased a new position in shares of Ross Stores in the 4th quarter worth about $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Ross Stores by 478.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer’s stock worth $60,235,000 after buying an additional 331,007 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Down 0.5 %

ROST opened at $138.02 on Friday. The firm’s 50-day simple moving average is $146.97 and its 200-day simple moving average is $147.77. 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 twelve month low of $127.53 and a twelve month high of $163.60. The firm has a market cap of $45.54 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 2.13 and a beta of 1.10.

Analyst Ratings Changes

A number of brokerages have recently commented on ROST. Evercore ISI lifted their price target on shares of Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and cut their price objective for the company from $179.00 to $152.00 in a research note on Tuesday, November 12th. Sanford C. Bernstein reissued a “market perform” rating and set a $165.00 price target (down from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $140.00 price objective (down previously from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating, ten have issued 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 an average price target of $169.06.

About Ross Stores

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.