QRG Capital Management Inc. Grows Position in Ross Stores, Inc. (NASDAQ:ROST)

QRG Capital Management Inc. grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,509 shares of the apparel retailer’s stock after purchasing an additional 313 shares during the quarter. QRG Capital Management Inc.’s holdings in Ross Stores were worth $4,615,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Ross Stores by 64.0% during the third quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock valued at $581,373,000 after buying an additional 1,507,922 shares during the period. Nordea Investment Management AB boosted its stake in shares of Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after acquiring an additional 1,144,774 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Ross Stores by 4,787.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock valued at $94,783,000 after acquiring an additional 616,860 shares during the period. Sarasin & Partners LLP purchased a new position in shares of Ross Stores in the 4th quarter valued at about $86,732,000. Finally, National Pension Service raised its holdings in Ross Stores by 39.8% in the 4th quarter. National Pension Service now owns 1,260,515 shares of the apparel retailer’s stock worth $190,678,000 after purchasing an additional 358,981 shares during the period. 86.86% of the stock is owned by hedge funds and other institutional investors.

Ross Stores Stock Up 1.7 %

Shares of NASDAQ:ROST opened at $140.32 on Friday. Ross Stores, Inc. has a 52-week low of $127.53 and a 52-week high of $163.60. The stock has a market cap of $46.30 billion, a P/E ratio of 22.10, a PEG ratio of 2.13 and a beta of 1.10. The business has a fifty day moving average of $146.79 and a two-hundred day moving average of $147.77. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29.

Analyst Upgrades and Downgrades

ROST has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Ross Stores from $171.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Guggenheim reiterated a “buy” rating and set a $180.00 target price on shares of Ross Stores in a research report on Friday, November 22nd. StockNews.com lowered shares of Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. TD Cowen decreased their price objective on shares of Ross Stores from $185.00 to $177.00 and set a “buy” rating on the stock in a report on Tuesday, November 19th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $165.00 target price on shares of Ross Stores in a research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.