Y Intercept Hong Kong Ltd Sells 10,805 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Y Intercept Hong Kong Ltd lessened its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 69.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,793 shares of the apparel retailer’s stock after selling 10,805 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Ross Stores were worth $725,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC grew its holdings in shares of 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 during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Ross Stores during the fourth quarter worth $51,000. Ashton Thomas Securities LLC bought a new stake in shares of Ross Stores during the third quarter worth $53,000. Oakworth Capital Inc. bought a new stake in shares of Ross Stores during the fourth quarter worth $57,000. Finally, Banque Cantonale Vaudoise bought a new position in Ross Stores in the third quarter valued at about $59,000. Institutional investors own 86.86% of the company’s stock.

Ross Stores Stock Up 1.7 %

ROST stock opened at $140.32 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $146.79 and a two-hundred day moving average price of $147.77. The company has a market cap of $46.30 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.13 and a beta of 1.10. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ROST shares. Citigroup cut Ross Stores from a “buy” rating to a “neutral” rating and decreased their price target for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Guggenheim reiterated a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a report on Friday, November 22nd. Evercore ISI raised their price target on Ross Stores from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. 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. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price target on shares of Ross Stores in a report on Monday, February 24th. 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.