111 Capital Buys 2,715 Shares of Ross Stores, Inc. $ROST

111 Capital raised its position in shares of Ross Stores, Inc. (NASDAQ:ROST) by 63.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ROST. Aspect Partners LLC boosted its holdings in shares of Ross Stores by 251.7% in the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock worth $26,000 after acquiring an additional 146 shares during the period. American National Bank & Trust purchased a new stake in Ross Stores during the 3rd quarter worth about $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in Ross Stores during the 3rd quarter worth about $29,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Ross Stores by 162.6% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 239 shares of the apparel retailer’s stock worth $36,000 after purchasing an additional 148 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Ross Stores in the 2nd quarter worth about $38,000. 86.86% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ROST shares. The Goldman Sachs Group upped their target price on Ross Stores from $190.00 to $214.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Wells Fargo & Company boosted their price objective on Ross Stores from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen raised shares of Ross Stores from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Jefferies Financial Group reiterated a “buy” rating and set a $205.00 target price on shares of Ross Stores in a research report on Monday, December 1st. Finally, Robert W. Baird set a $200.00 price target on shares of Ross Stores in a research note on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Ross Stores has a consensus rating of “Moderate Buy” and an average target price of $195.78.

Ross Stores Stock Up 1.1%

Shares of NASDAQ:ROST opened at $205.64 on Monday. The stock’s 50-day moving average is $190.57 and its 200 day moving average is $170.20. The company has a market cap of $66.51 billion, a PE ratio of 32.13, a P/E/G ratio of 3.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. Ross Stores, Inc. has a 1 year low of $122.36 and a 1 year high of $206.40.

About Ross Stores

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.