111 Capital Increases Holdings in Ross Stores, Inc. $ROST

111 Capital boosted its position in Ross Stores, Inc. (NASDAQ:ROST) by 63.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,976 shares of the apparel retailer’s stock after purchasing an additional 2,715 shares during the period. 111 Capital’s holdings in Ross Stores were worth $1,063,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Woodline Partners LP grew its stake in shares of Ross Stores by 39.9% during the 1st quarter. Woodline Partners LP now owns 27,875 shares of the apparel retailer’s stock valued at $3,562,000 after acquiring an additional 7,951 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Ross Stores by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 615 shares of the apparel retailer’s stock valued at $79,000 after purchasing an additional 117 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Ross Stores by 19.3% in the second quarter. Hantz Financial Services Inc. now owns 2,259 shares of the apparel retailer’s stock worth $288,000 after purchasing an additional 365 shares during the period. Assetmark Inc. boosted its position in shares of Ross Stores by 58.9% in the second quarter. Assetmark Inc. now owns 3,600 shares of the apparel retailer’s stock worth $459,000 after purchasing an additional 1,335 shares during the period. Finally, Simon Quick Advisors LLC purchased a new stake in shares of Ross Stores in the second quarter worth $261,000. 86.86% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Jefferies Financial Group restated a “buy” rating and set a $205.00 target price on shares of Ross Stores in a research note on Monday, December 1st. JPMorgan Chase & Co. raised their price target on Ross Stores from $215.00 to $232.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Zacks Research raised Ross Stores from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft set a $221.00 target price on Ross Stores in a research report on Thursday, January 8th. Finally, Citigroup boosted their price target on Ross Stores from $188.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. 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. According to data from MarketBeat.com, Ross Stores presently has an average rating of “Moderate Buy” and a consensus target price of $195.78.

Ross Stores Stock Performance

Ross Stores stock opened at $205.64 on Monday. The company’s 50-day moving average price is $190.57 and its 200-day moving average price is $170.20. 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 cap of $66.51 billion, a PE ratio of 32.13, a price-to-earnings-growth ratio of 3.58 and a beta of 0.97.

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.