First Horizon Advisors Inc. Lowers Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)

First Horizon Advisors Inc. reduced its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,206 shares of the apparel retailer’s stock after selling 94 shares during the period. First Horizon Advisors Inc.’s holdings in Ross Stores were worth $182,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROST. Sovran Advisors LLC acquired a new stake in Ross Stores in the 4th quarter valued at $269,000. Oak Ridge Investments LLC lifted its holdings in Ross Stores by 10.6% during the fourth quarter. Oak Ridge Investments LLC now owns 115,849 shares of the apparel retailer’s stock valued at $17,524,000 after purchasing an additional 11,060 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Ross Stores by 137.7% in the fourth quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock valued at $299,583,000 after purchasing an additional 1,144,774 shares during the period. Czech National Bank increased its stake in shares of Ross Stores by 5.9% during the fourth quarter. Czech National Bank now owns 71,933 shares of the apparel retailer’s stock worth $10,881,000 after purchasing an additional 3,981 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Ross Stores by 10.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 44,822 shares of the apparel retailer’s stock worth $6,780,000 after purchasing an additional 4,334 shares during the last quarter. 86.86% of the stock is currently owned by hedge funds and other institutional investors.

Ross Stores Stock Up 0.4 %

ROST stock opened at $136.45 on Wednesday. Ross Stores, Inc. has a one year low of $127.53 and a one year high of $163.60. The firm has a market cap of $45.02 billion, a PE ratio of 21.49, a PEG ratio of 2.13 and a beta of 1.10. The firm’s 50 day moving average price is $147.36 and its 200-day moving average price is $147.91. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ROST shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $175.00 price objective on shares of Ross Stores in a report on Monday. Guggenheim reaffirmed a “buy” rating and issued a $180.00 price target on shares of Ross Stores in a research note on Friday, November 22nd. Wells Fargo & Company reissued an “equal weight” rating and issued a $165.00 price objective on shares of Ross Stores in a research note on Friday, January 10th. Citigroup lowered Ross Stores from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $179.00 to $152.00 in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $169.06.

About Ross Stores

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.