ProShare Advisors LLC Boosts Stock Holdings in Ross Stores, Inc. (NASDAQ:ROST)


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ProShare Advisors LLC boosted its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 345,618 shares of the apparel retailer’s stock after purchasing an additional 52,018 shares during the period. ProShare Advisors LLC’s holdings in Ross Stores were worth $42,445,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Clearview Wealth Advisors LLC purchased a new position in Ross Stores during the fourth quarter worth approximately $25,000. Bainco International Investors acquired a new stake in shares of Ross Stores in the fourth quarter worth $27,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Ross Stores in the fourth quarter worth $31,000. Exchange Traded Concepts LLC increased its position in shares of Ross Stores by 43.2% in the fourth quarter. Exchange Traded Concepts LLC now owns 474 shares of the apparel retailer’s stock worth $58,000 after acquiring an additional 143 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of Ross Stores by 64.5% in the fourth quarter. Lindbrook Capital LLC now owns 482 shares of the apparel retailer’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. 83.15% of the stock is currently owned by institutional investors.

Ross Stores stock opened at $121.50 on Tuesday. The firm’s 50-day moving average is $117.50 and its 200-day moving average is $104.67. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.24 and a current ratio of 1.65. Ross Stores, Inc. has a 1 year low of $56.30 and a 1 year high of $123.80. The company has a market cap of $43.31 billion, a P/E ratio of 144.64, a PEG ratio of 8.16 and a beta of 0.95.

Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Ross Stores from a “c” rating to a “b-” rating in a research report on Thursday, November 19th. Gordon Haskett raised shares of Ross Stores from an “accumulate” rating to a “buy” rating and set a $126.00 price objective for the company in a research report on Thursday, November 12th. Robert W. Baird raised their price target on shares of Ross Stores from $112.00 to $125.00 and gave the company an “outperform” rating in a report on Friday, November 20th. Loop Capital raised their price target on shares of Ross Stores from $110.00 to $130.00 and gave the company a “buy” rating in a report on Friday, November 20th. Finally, Morgan Stanley raised their price target on shares of Ross Stores from $121.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, January 20th. Four investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Ross Stores has an average rating of “Buy” and an average target price of $113.09.

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 brands. Its stores primarily offers apparel, accessories, footwear, and home fashions. The company's Ross Dress for Less stores sell its products at department and specialty stores primarily to middle income households; and dd's DISCOUNTS stores sell its products at department and discount stores regular prices to customers from households with moderate income.

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Institutional Ownership by Quarter for Ross Stores (NASDAQ:ROST)

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