Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 900 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.8% in the fourth quarter, HoldingsChannel reports. The firm owned 52,209 shares of the apparel retailer’s stock after buying an additional 900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ross Stores were worth $7,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROST. Peapack Gladstone Financial Corp raised its position in Ross Stores by 1.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 3,910 shares of the apparel retailer’s stock valued at $588,000 after purchasing an additional 70 shares during the last quarter. Howe & Rusling Inc. grew its holdings in shares of Ross Stores by 1.9% during the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock worth $600,000 after acquiring an additional 73 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Ross Stores by 19.1% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 473 shares of the apparel retailer’s stock worth $71,000 after acquiring an additional 76 shares in the last quarter. Alhambra Investment Management LLC lifted its stake in shares of Ross Stores by 5.2% in the 4th quarter. Alhambra Investment Management LLC now owns 1,549 shares of the apparel retailer’s stock valued at $234,000 after purchasing an additional 76 shares during the period. Finally, Key Financial Inc boosted its position in shares of Ross Stores by 13.2% during the fourth quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock valued at $100,000 after purchasing an additional 77 shares in the last quarter. 86.86% of the stock is owned by institutional investors.

Ross Stores Price Performance

Shares of Ross Stores stock opened at $135.93 on Tuesday. The stock has a market cap of $44.85 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.13 and a beta of 1.10. 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 stock’s fifty day moving average is $147.65 and its 200 day moving average is $147.93. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60.

Analysts Set New Price Targets

A number of analysts have recently commented on ROST shares. Telsey Advisory Group restated a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a report on Monday. 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 research report on Tuesday, January 7th. Wells Fargo & Company restated an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a report on Friday, January 10th. Citigroup lowered shares of Ross Stores from a “buy” rating to a “neutral” rating and lowered their target price for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, StockNews.com downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.