New York Life Investment Management LLC Purchases 111 Shares of Ross Stores, Inc. (NASDAQ:ROST)

New York Life Investment Management LLC increased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,625 shares of the apparel retailer’s stock after acquiring an additional 111 shares during the period. New York Life Investment Management LLC’s holdings in Ross Stores were worth $6,750,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Peapack Gladstone Financial Corp increased its holdings 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 worth $588,000 after acquiring an additional 70 shares during the period. Howe & Rusling Inc. increased its holdings in shares of Ross Stores by 1.9% in the 3rd quarter. Howe & Rusling Inc. now owns 3,986 shares of the apparel retailer’s stock worth $600,000 after buying an additional 73 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings 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 buying an additional 76 shares during the last quarter. Alhambra Investment Management LLC increased its holdings 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 worth $234,000 after buying an additional 76 shares during the last quarter. Finally, Key Financial Inc increased its holdings in shares of Ross Stores by 13.2% in the 4th quarter. Key Financial Inc now owns 662 shares of the apparel retailer’s stock worth $100,000 after buying an additional 77 shares during the last quarter. Institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ROST shares. Sanford C. Bernstein reissued a “market perform” rating and issued a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Guggenheim reissued a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. JPMorgan Chase & Co. increased their price target 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. Morgan Stanley reissued an “equal weight” rating and issued a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. Finally, StockNews.com cut shares of 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 given a strong buy rating to the company. Based on data from MarketBeat, Ross Stores has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Trading Up 1.7 %

Shares of ROST opened at $140.32 on Friday. Ross Stores, Inc. has a 1-year low of $127.53 and a 1-year high of $163.60. The firm has a market capitalization of $46.30 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.13 and a beta of 1.10. The firm’s 50-day moving average price is $146.79 and its 200-day moving average price is $147.77. 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 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.