Metis Global Partners LLC Has $1.69 Million Stock Position in Ross Stores, Inc. (NASDAQ:ROST)

Metis Global Partners LLC decreased its stake in shares of Ross Stores, Inc. (NASDAQ:ROST) by 23.3% during the 4th quarter, Holdings Channel reports. The firm owned 11,190 shares of the apparel retailer’s stock after selling 3,395 shares during the period. Metis Global Partners LLC’s holdings in Ross Stores were worth $1,693,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROST. Wellington Management Group LLP increased its position in shares of Ross Stores by 64.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,862,684 shares of the apparel retailer’s stock worth $581,373,000 after purchasing an additional 1,507,922 shares during the last quarter. Nordea Investment Management AB increased its position in shares of Ross Stores by 137.7% during the 4th quarter. Nordea Investment Management AB now owns 1,976,140 shares of the apparel retailer’s stock worth $299,583,000 after purchasing an additional 1,144,774 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Ross Stores by 4,787.8% during the 3rd quarter. Public Sector Pension Investment Board now owns 629,744 shares of the apparel retailer’s stock worth $94,783,000 after purchasing an additional 616,860 shares during the last quarter. Sarasin & Partners LLP acquired a new position in shares of Ross Stores during the 4th quarter worth approximately $86,732,000. Finally, National Pension Service increased its position in shares of Ross Stores by 39.8% during the 4th quarter. National Pension Service now owns 1,260,515 shares of the apparel retailer’s stock worth $190,678,000 after purchasing an additional 358,981 shares during the last quarter. Institutional investors and hedge funds own 86.86% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ROST. Morgan Stanley reiterated an “equal weight” rating and set a $140.00 target price (down from $164.00) on shares of Ross Stores in a research note on Tuesday, January 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $175.00 target price on shares of Ross Stores in a research note on Monday, February 24th. TD Cowen reduced their target price on Ross Stores from $185.00 to $177.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Evercore ISI lifted their target price on Ross Stores from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, StockNews.com downgraded Ross Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Ross Stores Stock Performance

NASDAQ:ROST opened at $136.81 on Tuesday. The stock has a fifty day moving average price of $146.56 and a 200-day moving average price of $147.78. The company has a market cap of $45.14 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 2.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.57. Ross Stores, Inc. has a fifty-two week low of $127.53 and a fifty-two week high of $163.60.

Ross Stores Company Profile

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 brand names in the United States. Its stores primarily offer apparel, accessories, footwear, and home fashions. The company’s Ross Dress for Less stores sell its products at department and specialty stores to middle income households; and dd’s DISCOUNTS stores sell its products at department and discount stores for households with moderate income.