Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,766 shares of the apparel retailer’s stock after selling 1,334 shares during the period. Mutual of America Capital Management LLC’s holdings in Ross Stores were worth $6,015,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its stake in Ross Stores by 434.1% during the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 191 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Ross Stores during the fourth quarter worth $51,000. Ashton Thomas Securities LLC acquired a new position in Ross Stores during the third quarter worth $53,000. Oakworth Capital Inc. acquired a new position in Ross Stores during the fourth quarter worth $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in Ross Stores during the third quarter worth $59,000. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on ROST. 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 note on Tuesday, January 21st. Telsey Advisory Group restated a “market perform” rating and set a $175.00 price target on shares of Ross Stores in a research note on Monday, February 24th. TD Cowen decreased their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 price objective (down previously from $178.00) on shares of Ross Stores in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Eight investment 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Stock Performance

NASDAQ:ROST opened at $136.81 on Tuesday. The firm has a market capitalization of $45.14 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The business’s fifty day moving average price is $146.56 and its 200 day moving average price is $147.78. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.57 and a quick ratio of 0.98. Ross Stores, Inc. has a 12 month low of $127.53 and a 12 month high of $163.60.

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.