Itau Unibanco Holding S.A. grew its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 143.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,638 shares of the apparel retailer’s stock after purchasing an additional 3,912 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Ross Stores were worth $533,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in ROST. Nordea Investment Management AB boosted its stake in shares of Ross Stores by 8,982.4% during the third quarter. Nordea Investment Management AB now owns 1,617,840 shares of the apparel retailer’s stock valued at $104,464,000 after purchasing an additional 1,600,027 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new stake in shares of Ross Stores during the fourth quarter valued at about $117,845,000. Wells Fargo & Company MN boosted its stake in shares of Ross Stores by 39.2% during the third quarter. Wells Fargo & Company MN now owns 3,658,907 shares of the apparel retailer’s stock valued at $236,257,000 after purchasing an additional 1,029,990 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Ross Stores by 13.1% during the third quarter. Principal Financial Group Inc. now owns 7,332,752 shares of the apparel retailer’s stock valued at $473,476,000 after purchasing an additional 849,789 shares in the last quarter. Finally, Flossbach Von Storch AG lifted its stake in shares of Ross Stores by 10.7% in the third quarter. Flossbach Von Storch AG now owns 5,533,170 shares of the apparel retailer’s stock worth $357,277,000 after acquiring an additional 532,900 shares during the period. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on ROST shares. Royal Bank of Canada set a $62.00 price objective on Ross Stores and gave the stock a “hold” rating in a research note on Monday, October 30th. BidaskClub raised Ross Stores from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Nomura set a $80.00 price objective on Ross Stores and gave the stock a “buy” rating in a research note on Friday, November 17th. Telsey Advisory Group reaffirmed a “buy” rating on shares of Ross Stores in a research note on Friday, November 17th. Finally, Buckingham Research lifted their price objective on Ross Stores from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $73.90.
Shares of Ross Stores, Inc. (NASDAQ:ROST) opened at $80.17 on Tuesday. The firm has a market capitalization of $30,636.64, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.07. The company has a quick ratio of 0.68, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $85.66.
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Ross Stores Profile
Ross Stores, Inc and its subsidiaries operate two brands of off-price retail apparel and home fashion stores-Ross Dress for Less (Ross) and dd’s DISCOUNTS. The Company is the off-price apparel and home fashion chain in the United States, with 1,340 locations in 36 states, the District of Columbia and Guam, as of January 28, 2017.
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