LGT Fund Management Co Ltd. Grows Holdings in Ross Stores, Inc. (NASDAQ:ROST)

LGT Fund Management Co Ltd. boosted its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,847 shares of the apparel retailer’s stock after purchasing an additional 800 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Ross Stores were worth $582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its position in Ross Stores by 47.2% in the 4th quarter. Jones Financial Companies Lllp now owns 39,661 shares of the apparel retailer’s stock valued at $5,999,000 after purchasing an additional 12,721 shares during the last quarter. Modera Wealth Management LLC raised its position in Ross Stores by 20.8% during the 4th quarter. Modera Wealth Management LLC now owns 5,247 shares of the apparel retailer’s stock worth $794,000 after buying an additional 905 shares during the last quarter. Norden Group LLC raised its position in Ross Stores by 14.0% during the 4th quarter. Norden Group LLC now owns 2,957 shares of the apparel retailer’s stock worth $447,000 after buying an additional 363 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Ross Stores by 19.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,660 shares of the apparel retailer’s stock worth $251,000 after buying an additional 269 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its position in Ross Stores by 6.7% during the 4th quarter. Jacobi Capital Management LLC now owns 1,903 shares of the apparel retailer’s stock worth $288,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 86.86% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ROST. Citigroup downgraded shares of Ross Stores from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $179.00 to $152.00 in a research report on Tuesday, November 12th. Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Sanford C. Bernstein restated 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, Morgan Stanley reaffirmed 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. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $169.06.

Ross Stores Price Performance

Shares of NASDAQ ROST opened at $136.81 on Tuesday. The stock has a market cap of $45.14 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.13 and a beta of 1.10. Ross Stores, Inc. has a 52 week low of $127.53 and a 52 week high of $163.60. The company’s 50-day moving average price is $146.56 and its 200 day moving average price is $147.78. 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.