Jennison Associates LLC Raises Holdings in Ross Stores, Inc. $ROST

Jennison Associates LLC significantly increased its stake in Ross Stores, Inc. by 640.5% in Q4, acquiring an additional 11,650 shares to now own 13,469 shares valued at $2.43 million. This increase ininstitutional ownership comes amidst notable insider selling, with two executives offloading shares worth over $3.7 million. Despite insider sales, Ross Stores exceeded quarterly earnings and revenue estimates, raised its dividend, and holds a “Moderate Buy” consensus rating from analysts with an average price target of $212.06.

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