Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Crystal Rock Capital Management

Crystal Rock Capital Management lessened its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 36.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,475 shares of the apparel retailer’s stock after selling 9,475 shares during the quarter. Ross Stores comprises about 1.5% of Crystal Rock Capital Management’s holdings, making the stock its 21st biggest position. Crystal Rock Capital Management’s holdings in Ross Stores were worth $2,492,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC raised its position in Ross Stores by 20.8% during the third quarter. Private Advisor Group LLC now owns 11,763 shares of the apparel retailer’s stock worth $1,770,000 after acquiring an additional 2,022 shares during the period. Allworth Financial LP raised its position in shares of Ross Stores by 5.7% during the 3rd quarter. Allworth Financial LP now owns 3,802 shares of the apparel retailer’s stock worth $572,000 after purchasing an additional 206 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Ross Stores by 12.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 104,770 shares of the apparel retailer’s stock valued at $15,769,000 after buying an additional 11,780 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in Ross Stores by 30.1% in the 3rd quarter. Pallas Capital Advisors LLC now owns 6,488 shares of the apparel retailer’s stock worth $937,000 after buying an additional 1,500 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. increased its stake in Ross Stores by 109.9% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 4,231 shares of the apparel retailer’s stock worth $637,000 after buying an additional 2,215 shares in the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROST. StockNews.com downgraded Ross Stores from a “buy” rating to a “hold” rating in a research report on Tuesday. Evercore ISI raised their price objective on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. 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 research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Stock Up 1.7 %

Shares of NASDAQ:ROST opened at $138.78 on Thursday. The company has a market capitalization of $45.79 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 2.13 and a beta of 1.10. Ross Stores, Inc. has a 12-month low of $127.53 and a 12-month high of $163.60. The business has a 50-day moving average price of $147.16 and a 200 day moving average price of $147.84. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29.

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.