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

Primecap Management Co. CA lessened its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,954,910 shares of the apparel retailer’s stock after selling 313,790 shares during the quarter. Ross Stores comprises about 1.2% of Primecap Management Co. CA’s holdings, making the stock its 27th biggest holding. Primecap Management Co. CA’s holdings in Ross Stores were worth $1,517,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Woodline Partners LP raised its stake in Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock worth $3,562,000 after acquiring an additional 7,951 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 acquiring an additional 117 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of Ross Stores by 24.8% during the second quarter. Focus Partners Advisor Solutions LLC now owns 5,718 shares of the apparel retailer’s stock worth $729,000 after purchasing an additional 1,135 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Ross Stores by 13.5% during the second quarter. Brighton Jones LLC now owns 1,869 shares of the apparel retailer’s stock worth $238,000 after purchasing an additional 222 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in shares of Ross Stores by 19.9% during the second quarter. AustralianSuper Pty Ltd now owns 8,651 shares of the apparel retailer’s stock worth $1,104,000 after purchasing an additional 1,436 shares in the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Ross Stores Trading Up 0.5%

NASDAQ:ROST opened at $201.53 on Thursday. Ross Stores, Inc. has a 12-month low of $122.36 and a 12-month high of $204.85. The company has a current ratio of 1.52, a quick ratio of 0.90 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $189.68 and its 200-day simple moving average is $169.26. The firm has a market cap of $65.18 billion, a P/E ratio of 31.49, a PEG ratio of 3.47 and a beta of 0.99.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ROST shares. Weiss Ratings reissued a “buy (b)” rating on shares of Ross Stores in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on Ross Stores from $215.00 to $232.00 and gave the company an “overweight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $221.00 price objective on Ross Stores in a report on Thursday, January 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $205.00 target price on shares of Ross Stores in a report on Monday, December 1st. Finally, Bank of America upped their price target on shares of Ross Stores from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.