Heritage Oak Wealth Advisors LLC Acquires New Holdings in Ross Stores, Inc. (NASDAQ:ROST)

Heritage Oak Wealth Advisors LLC purchased a new position in shares of Ross Stores, Inc. (NASDAQ:ROST) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,889 shares of the apparel retailer’s stock, valued at approximately $286,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after purchasing an additional 1,507,922 shares in the last quarter. Nordea Investment Management AB raised its stake in Ross Stores by 137.7% in the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after acquiring an additional 1,144,774 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Ross Stores by 4,787.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after acquiring an additional 616,860 shares during the period. Sarasin & Partners LLP acquired a new position in shares of Ross Stores in the fourth quarter valued at about $86,732,000. Finally, National Pension Service raised its stake in shares of Ross Stores by 39.8% in the fourth quarter. National Pension Service now owns 1,260,515 shares of the apparel retailer’s stock worth $190,678,000 after purchasing an additional 358,981 shares during the last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Ross Stores Stock Performance

ROST opened at $138.78 on Thursday. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The firm has a market capitalization of $45.79 billion, a PE ratio of 21.86, a PEG ratio of 2.13 and a beta of 1.10. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $147.16 and its 200 day moving average price is $147.84.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ROST. Morgan Stanley reiterated 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. Wells Fargo & Company restated an “equal weight” rating and set a $165.00 target price on shares of Ross Stores in a research report on Friday, January 10th. Sanford C. Bernstein reiterated 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. Telsey Advisory Group restated a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a research report on Monday. Finally, TD Cowen reduced their price target on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. 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 company. According to MarketBeat, Ross Stores presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

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.