US Bancorp DE Sells 3,937 Shares of Ross Stores, Inc. $ROST

US Bancorp DE decreased its position in Ross Stores, Inc. (NASDAQ:ROST) by 4.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,228 shares of the apparel retailer’s stock after selling 3,937 shares during the quarter. US Bancorp DE’s holdings in Ross Stores were worth $12,074,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aspect Partners LLC increased its stake in Ross Stores by 251.7% in the 2nd quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. American National Bank & Trust bought a new position in shares of Ross Stores in the third quarter valued at approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of Ross Stores during the third quarter valued at approximately $29,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Ross Stores by 162.6% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock valued at $36,000 after acquiring an additional 148 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in Ross Stores during the second quarter worth $38,000. 86.86% of the stock is owned by institutional investors.

Ross Stores Price Performance

ROST opened at $205.64 on Friday. The firm has a 50-day moving average price of $190.57 and a 200-day moving average price of $170.06. Ross Stores, Inc. has a twelve month low of $122.36 and a twelve month high of $206.40. The company has a quick ratio of 0.90, a current ratio of 1.52 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $66.51 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.58 and a beta of 0.99.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROST. Guggenheim raised Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. The Goldman Sachs Group increased their price target on shares of Ross Stores from $190.00 to $214.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. raised their price objective on shares of Ross Stores from $215.00 to $232.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citigroup increased their target price on shares of Ross Stores from $188.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.78.

Ross Stores Company 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.