Ross Stores, Inc. (NASDAQ:ROST) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC lowered its position in shares of Ross Stores, Inc. (NASDAQ:ROST - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,314 shares of the apparel retailer's stock after selling 13,649 shares during the period. OneDigital Investment Advisors LLC's holdings in Ross Stores were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in Ross Stores by 152.9% in the fourth quarter. Larson Financial Group LLC now owns 177 shares of the apparel retailer's stock valued at $27,000 after purchasing an additional 107 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in Ross Stores in the fourth quarter valued at about $31,000. ORG Partners LLC grew its stake in Ross Stores by 434.1% in the fourth quarter. ORG Partners LLC now owns 235 shares of the apparel retailer's stock valued at $36,000 after purchasing an additional 191 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Ross Stores during the fourth quarter worth about $51,000. Finally, Oakworth Capital Inc. purchased a new stake in shares of Ross Stores during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 86.86% of the company's stock.

Ross Stores Stock Down 0.2 %

Ross Stores stock traded down $0.34 during midday trading on Monday, reaching $139.37. The company's stock had a trading volume of 2,515,760 shares, compared to its average volume of 2,667,502. The business has a 50-day simple moving average of $133.36 and a 200-day simple moving average of $142.65. The company has a quick ratio of 0.98, a current ratio of 1.57 and a debt-to-equity ratio of 0.29. Ross Stores, Inc. has a fifty-two week low of $122.36 and a fifty-two week high of $163.60. The company has a market cap of $45.83 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.13 and a beta of 1.11.

Ross Stores (NASDAQ:ROST - Get Free Report) last posted its earnings results on Tuesday, March 4th. The apparel retailer reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.65 by $0.14. Ross Stores had a return on equity of 41.83% and a net margin of 9.95%. The business had revenue of $5.91 billion for the quarter, compared to analysts' expectations of $5.95 billion. On average, research analysts expect that Ross Stores, Inc. will post 6.17 earnings per share for the current fiscal year.

Ross Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Tuesday, March 18th. This is a positive change from Ross Stores's previous quarterly dividend of $0.37. Ross Stores's payout ratio is currently 25.63%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROST shares. Loop Capital cut their price objective on shares of Ross Stores from $190.00 to $175.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Robert W. Baird dropped their target price on shares of Ross Stores from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Wednesday, March 5th. Evercore ISI decreased their price target on shares of Ross Stores from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Wednesday, March 5th. Morgan Stanley reduced their target price on shares of Ross Stores from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 5th. Finally, Telsey Advisory Group reduced their target price on shares of Ross Stores from $175.00 to $150.00 and set a "market perform" rating on the stock in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $160.87.

Insider Buying and Selling at Ross Stores

In other news, CMO Karen Sykes sold 5,036 shares of Ross Stores stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $130.48, for a total transaction of $657,097.28. Following the completion of the sale, the chief marketing officer now directly owns 110,365 shares in the company, valued at approximately $14,400,425.20. This trade represents a 4.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael J. Hartshorn sold 7,492 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $127.69, for a total value of $956,653.48. Following the completion of the sale, the chief operating officer now owns 139,091 shares in the company, valued at $17,760,529.79. This represents a 5.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,398 shares of company stock valued at $4,439,950. 2.20% of the stock is owned by corporate insiders.

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.