Xponance Inc. Sells 2,877 Shares of Ross Stores, Inc. $ROST

Xponance Inc. reduced its position in Ross Stores, Inc. (NASDAQ:ROST) by 5.1% during the third quarter, HoldingsChannel.com reports. The firm owned 53,670 shares of the apparel retailer’s stock after selling 2,877 shares during the period. Xponance Inc.’s holdings in Ross Stores were worth $8,179,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Aspect Partners LLC grew its stake in shares of Ross Stores by 251.7% during the second quarter. Aspect Partners LLC now owns 204 shares of the apparel retailer’s stock valued at $26,000 after buying an additional 146 shares during the last quarter. American National Bank & Trust bought a new stake in shares of Ross Stores during the 3rd quarter worth approximately $26,000. Grey Fox Wealth Advisors LLC purchased a new position in Ross Stores during the 3rd quarter valued at $29,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 valued at $36,000 after acquiring an additional 148 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in Ross Stores in the second quarter worth $38,000. Institutional investors own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROST shares. TD Cowen reissued a “buy” rating on shares of Ross Stores in a research note on Thursday, December 4th. Evercore lifted their price objective on shares of Ross Stores from $175.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, November 21st. Guggenheim raised shares of Ross Stores to a “strong-buy” rating in a research report on Wednesday, December 10th. JPMorgan Chase & Co. upped their target price on shares of Ross Stores from $215.00 to $232.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $221.00 target price on shares of Ross Stores in a research report on Thursday, January 8th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.78.

Ross Stores Stock Up 1.1%

Shares of Ross Stores stock opened at $205.64 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.52 and a quick ratio of 0.90. The stock has a market cap of $66.51 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.58 and a beta of 0.99. The firm’s 50-day moving average is $190.57 and its two-hundred day moving average is $170.06. 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.