Ross Stores, Inc. $ROST is LGT Capital Partners LTD.’s 10th Largest Position

LGT Capital Partners LTD. lowered its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,252 shares of the apparel retailer’s stock after selling 59,000 shares during the period. Ross Stores comprises 3.7% of LGT Capital Partners LTD.’s portfolio, making the stock its 10th largest holding. LGT Capital Partners LTD. owned approximately 0.15% of Ross Stores worth $75,929,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Ross Stores by 14.8% during the 2nd quarter. Vanguard Group Inc. now owns 39,182,660 shares of the apparel retailer’s stock worth $4,998,924,000 after purchasing an additional 5,060,954 shares during the last quarter. State Street Corp increased its position in Ross Stores by 0.4% during the second quarter. State Street Corp now owns 13,974,551 shares of the apparel retailer’s stock worth $1,782,873,000 after buying an additional 61,168 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of Ross Stores by 0.5% in the second quarter. Primecap Management Co. CA now owns 10,268,700 shares of the apparel retailer’s stock worth $1,310,081,000 after acquiring an additional 51,765 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Ross Stores by 20.9% in the second quarter. Bank of America Corp DE now owns 9,582,401 shares of the apparel retailer’s stock valued at $1,222,523,000 after acquiring an additional 1,657,008 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Ross Stores by 1.6% during the second quarter. Geode Capital Management LLC now owns 8,673,823 shares of the apparel retailer’s stock valued at $1,102,077,000 after acquiring an additional 133,005 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on ROST shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research note on Friday, January 9th. Jefferies Financial Group reissued a “buy” rating and issued a $205.00 price objective on shares of Ross Stores in a research report on Monday, December 1st. Robert W. Baird set a $200.00 price objective on shares of Ross Stores in a research note on Wednesday, December 17th. Zacks Research raised shares of Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, The Goldman Sachs Group boosted their price target on Ross Stores from $190.00 to $214.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $193.28.

Ross Stores Price Performance

ROST opened at $201.89 on Tuesday. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $203.31. The company’s 50 day simple moving average is $188.94 and its 200 day simple moving average is $168.64. The stock has a market capitalization of $65.30 billion, a PE ratio of 31.55, a P/E/G ratio of 3.49 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.90 and a current ratio of 1.52.

Ross Stores Profile

Ross Stores, Inc (NASDAQ: ROST) is an American off‑price retailer headquartered in Dublin, California, that operates the Ross Dress for Less and dd’s DISCOUNTS store formats. The company sells a broad assortment of apparel, footwear, home fashions, accessories and other soft goods, positioning itself as a value-oriented destination for brand‑name and fashion merchandise at reduced prices.

Ross’s business model centers on opportunistic buying of excess inventory, closeouts, cancelled orders and overstocks from manufacturers, department stores and other suppliers.