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

Amalgamated Bank decreased its holdings in Ross Stores, Inc. (NASDAQ:ROST) by 4.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 hedge funds also recently made changes to their positions in the business. State Street Corp raised its stake in Ross Stores by 0.5% in the 3rd quarter. State Street Corp now owns 14,137,281 shares of the apparel retailer’s stock valued at $2,127,802,000 after acquiring an additional 67,861 shares during the period. Geode Capital Management LLC increased its holdings in shares of Ross Stores by 0.4% in the third quarter. Geode Capital Management LLC now owns 8,152,045 shares of the apparel retailer’s stock valued at $1,222,915,000 after purchasing an additional 34,475 shares during the last quarter. FMR LLC raised its position in shares of Ross Stores by 4.9% in the third quarter. FMR LLC now owns 6,812,233 shares of the apparel retailer’s stock valued at $1,025,309,000 after purchasing an additional 316,652 shares during the period. Marshfield Associates raised its position in shares of Ross Stores by 0.4% in the third quarter. Marshfield Associates now owns 3,908,958 shares of the apparel retailer’s stock valued at $588,337,000 after purchasing an additional 14,193 shares during the period. Finally, Wellington Management Group LLP grew its stake in Ross Stores by 64.0% in the 3rd 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 last quarter. 86.86% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on ROST. Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Ross Stores in a research report on Friday, November 22nd. StockNews.com cut Ross Stores from a “buy” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Ross Stores from $171.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Wells Fargo & Company reiterated an “equal weight” rating and set a $165.00 price objective on shares of Ross Stores in a research report on Friday, January 10th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $165.00 target price (down previously from $178.00) on shares of Ross Stores in a report on Tuesday, January 7th. Eight research 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, Ross Stores has an average rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Price Performance

ROST stock opened at $136.45 on Wednesday. The company’s 50-day moving average price is $147.36 and its two-hundred day moving average price is $147.91. The firm has a market cap of $45.02 billion, a P/E ratio of 21.49, a P/E/G 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 12 month low of $127.53 and a 12 month high of $163.60.

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.