Amalgamated Bank Sells 3,337 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Amalgamated Bank cut its holdings in shares of Ross Stores, Inc. (NASDAQ:ROST) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,864 shares of the apparel retailer’s stock after selling 3,337 shares during the period. Amalgamated Bank’s holdings in Ross Stores were worth $9,812,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ROST. Wellington Management Group LLP grew its holdings in Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after acquiring an additional 1,507,922 shares during the last quarter. Nordea Investment Management AB raised its stake 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 worth $299,583,000 after acquiring an additional 1,144,774 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Ross Stores by 4,787.8% during the third quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after purchasing an additional 616,860 shares in the last quarter. Sarasin & Partners LLP bought a new stake in shares of Ross Stores during the fourth quarter valued at approximately $86,732,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Ross Stores by 478.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 400,204 shares of the apparel retailer’s stock valued at $60,235,000 after purchasing an additional 331,007 shares during the last quarter. 86.86% of the stock is currently owned by institutional investors.

Ross Stores Stock Up 0.4 %

NASDAQ:ROST opened at $136.45 on Wednesday. The firm has a market capitalization of $45.02 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a twelve month low of $127.53 and a twelve month high of $163.60. The stock’s 50 day moving average price is $147.36 and its two-hundred day moving average price is $147.91.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup downgraded Ross Stores from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $179.00 to $152.00 in a report on Tuesday, November 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $165.00 price target (down previously from $178.00) on shares of Ross Stores in a research note on Tuesday, January 7th. Morgan Stanley reiterated an “equal weight” rating and issued a $140.00 price target (down previously from $164.00) on shares of Ross Stores in a report on Tuesday, January 21st. TD Cowen dropped their price objective on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a report on Tuesday, November 19th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $175.00 target price on shares of Ross Stores in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Ross Stores has an average rating of “Moderate Buy” and a consensus price target of $169.06.

Ross Stores Company Profile

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.