Ross Stores, Inc. $ROST Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA decreased its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,954,910 shares of the apparel retailer’s stock after selling 313,790 shares during the period. Ross Stores comprises 1.2% of Primecap Management Co. CA’s investment portfolio, making the stock its 27th biggest position. Primecap Management Co. CA owned approximately 3.06% of Ross Stores worth $1,517,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Woodline Partners LP increased its stake in Ross Stores by 39.9% during the first quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after purchasing an additional 7,951 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Ross Stores by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of Ross Stores by 24.8% in the second quarter. Focus Partners Advisor Solutions LLC now owns 5,718 shares of the apparel retailer’s stock valued at $729,000 after purchasing an additional 1,135 shares in the last quarter. Brighton Jones LLC increased its stake in Ross Stores by 13.5% during the 2nd quarter. Brighton Jones LLC now owns 1,869 shares of the apparel retailer’s stock worth $238,000 after buying an additional 222 shares during the period. Finally, AustralianSuper Pty Ltd increased its stake in Ross Stores by 19.9% during the 2nd quarter. AustralianSuper Pty Ltd now owns 8,651 shares of the apparel retailer’s stock worth $1,104,000 after buying an additional 1,436 shares during the period. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 0.5%

Ross Stores stock opened at $201.53 on Thursday. The stock has a market cap of $65.18 billion, a PE ratio of 31.49, a P/E/G ratio of 3.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The stock’s fifty day moving average is $189.68 and its two-hundred day moving average is $169.26. Ross Stores, Inc. has a 1-year low of $122.36 and a 1-year high of $204.85.

Analysts Set New Price Targets

ROST has been the subject of several recent research reports. TD Cowen reissued a “buy” rating on shares of Ross Stores in a research report on Thursday, December 4th. Zacks Research upgraded Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Robert W. Baird set a $200.00 target price on Ross Stores in a research note on Wednesday, December 17th. Erste Group Bank started coverage on Ross Stores in a research report on Friday, October 31st. They issued a “buy” rating on the stock. Finally, UBS Group lifted their price objective on Ross Stores from $181.00 to $199.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $195.78.

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.