Retirement Systems of Alabama Sells 1,950 Shares of Ross Stores, Inc. (NASDAQ:ROST)

Retirement Systems of Alabama reduced its stake in Ross Stores, Inc. (NASDAQ:ROST) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,864 shares of the apparel retailer’s stock after selling 1,950 shares during the period. Retirement Systems of Alabama’s holdings in Ross Stores were worth $14,996,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ROST. Novare Capital Management LLC raised its stake in Ross Stores by 4.4% during the 4th quarter. Novare Capital Management LLC now owns 15,302 shares of the apparel retailer’s stock valued at $1,228,000 after purchasing an additional 640 shares during the period. Daiwa SB Investments Ltd. raised its stake in Ross Stores by 5.1% during the 4th quarter. Daiwa SB Investments Ltd. now owns 13,750 shares of the apparel retailer’s stock valued at $1,103,000 after purchasing an additional 670 shares during the period. Private Advisor Group LLC raised its stake in Ross Stores by 5.2% during the 3rd quarter. Private Advisor Group LLC now owns 16,256 shares of the apparel retailer’s stock valued at $1,061,000 after purchasing an additional 806 shares during the period. ZWJ Investment Counsel Inc. raised its stake in Ross Stores by 26.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 4,584 shares of the apparel retailer’s stock valued at $368,000 after purchasing an additional 956 shares during the period. Finally, Amalgamated Bank raised its stake in Ross Stores by 2.1% during the 3rd quarter. Amalgamated Bank now owns 46,364 shares of the apparel retailer’s stock valued at $2,994,000 after purchasing an additional 969 shares during the period. 89.54% of the stock is currently owned by institutional investors.

Shares of Ross Stores, Inc. (NASDAQ:ROST) traded up $0.37 during midday trading on Friday, reaching $78.87. The company’s stock had a trading volume of 3,152,536 shares, compared to its average volume of 2,360,000. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.14. The company has a market cap of $30,280.00, a price-to-earnings ratio of 25.20, a PEG ratio of 2.12 and a beta of 1.06. Ross Stores, Inc. has a 1-year low of $52.85 and a 1-year high of $85.66.

Several analysts recently issued reports on the company. BidaskClub downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Telsey Advisory Group restated a “buy” rating on shares of Ross Stores in a report on Friday, November 17th. Nomura set a $80.00 price target on Ross Stores and gave the company a “buy” rating in a report on Friday, November 17th. Cowen set a $78.00 price target on Ross Stores and gave the company a “buy” rating in a report on Saturday, November 18th. Finally, SunTrust Banks restated a “buy” rating on shares of Ross Stores in a report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Ross Stores has a consensus rating of “Buy” and a consensus target price of $73.90.

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About Ross Stores

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.

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

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